Northland starts Innovative Aerosystems at Outperform ahead of ‘new growth era’

As previously reported, Northland initiated coverage of Innovative Aerosystems (ISSC) with an Outperform rating and $16.50 price target Innovative’s focus on the retrofit market and its domestic manufacturing capabilities “align extremely well with the secular trend of aging airplane fleets,” says the analyst, who believes recent niche product acquisitions and a revamped management team position the company to capitalize on aging fleets and enter “a new growth era.”