RBC Capital raised the firm’s price target on AAR Corp. (AIR) to $90 from $85 and keeps an Outperform rating on the shares. The firm is updating AAR Corp estimates to include the company’s two recent acquisitions – ADI and HAECO – and its follow-on equity raise, the analyst tells investors in a research note. Although initially dilutive, the long-term opportunity to expand company margins remains intact as AAR delivers on adding scale and limiting its USM exposure, the firm added.
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