KeyBanc raised the firm’s price target on AAR Corp. (AIR) to $86 from $80 and keeps an Overweight rating on the shares following quarterly results. The firm cites strong execution, driving another quarter of margins ahead of its expectations. KeyBanc’s thesis remains intact as it believes AAR is well-positioned to capitalize on the strong A&D aftermarket backdrop amid both organic and inorganic growth avenues. The firm continues to see strong relative value for long-term investors.
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