KeyBanc raised the firm’s price target on AAR Corp. (AIR)to $93 from $86 and keeps an Overweight rating on the shares. Post the firm’s proprietary Q3 Plane Chain survey of aerospace suppliers, KeyBanc sees a meaningful step-up in A&D OEM order activity post a period of destocking and subdued OEM build rates. The firm remains confident on enduring tightness within the A&D aftermarket and strength within Space & Defense.
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