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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AIR: