AAR Corp. price target raised to $99 from $90 at Truist

Truist raised the firm’s price target on AAR Corp. (AIR) to $99 from $90 and keeps a Buy rating on the shares. Results exceeded expectations on organic growth and recent acquisitions, though free cash flow fell short, and management raised FY26 organic revenue growth to 11% from 10%, the analyst tells investors in a research note. While the Q3 revenue outlook is above Street, adjusted operating margins are expected to remain somewhat depressed near-term due to HAECO acquisition dilution, with margin improvement hinging on synergies and cost reductions, and strong part sales supporting top-line momentum, the firm says.