Loar Holdings upgraded to Overweight from Equal Weight at Morgan Stanley

Morgan Stanley upgraded Loar Holdings (LOAR) to Overweight from Equal Weight with an unchanged price target of $91. The stock’s relative underperformance provides an attractive entry point, the analyst tells investors in a research note. The firm says that since its initial public offering on April 25, 2024, Loar has largely exceeded consensus expectations and continued to execute on its strategy for both organic and inorganic growth. As the company continues to execute on this strategy, it should continue to trade at a premium to peers, contends Morgan Stanley.