Citi adds ‘upside 90-day catalyst watch’ on Loar Holdings

Citi added an “upside 90-day catalyst watch” on Loar Holdings (LOAR) while keeping a Buy rating on the shares with an $83 price target The stock’s recent selloff makes it “unusually cheap” relative to peers, the analyst tells investors in a research note. Citi views Loar’s Q4 report as a “clearing event.” It sees the company’s outlook as beatable.