Moog price target raised to $240 from $215 at Truist

Truist raised the firm’s price target on Moog (MOG.B) (MOG.A) to $240 from $215 and keeps a Buy rating on the shares as part of a broader research note previewing Q3 results in Aerospace and Defense. Sentiment surrounding aircraft OEM production is increasing, and the firm is favoring MAX-exposed suppliers, the analyst tells investors in a research note. The firm also notes that aftermarket demand trends continues to be buoyed by passenger travel strength, engine shop visits, and new aircraft supply chain challenges, though it sees Defense as a bit more nuanced as the government shutdown looms over Q4 and FY26 outlooks.