AAR Corp. price target raised to $90 from $81 at Truist

Truist analyst Michael Ciarmoli raised the firm’s price target on AAR Corp. (AIR) to $90 from $81 and keeps a Buy rating on the shares after its Q1 earnings beat. The company’s parts distribution business continues to pace the top line strength, benefiting from both government and commercial demand, while margins – though down sequentially on seasonality – increased from last year, the analyst tells investors in a research note. Commercial aftermarket demand for AAR also “remains healthy”, the firm added.