BTIG analyst Andre Madrid initiated coverage of StandardAero (SARO) with a Buy rating and $35 price target StandardAero is a leading independent maintenance, repair, and overhaul provider specializing in aerospace engine aftermarket services, notes the analyst, who looks favorably upon the company’s positioning to capitalize on a multi-year tailwind from aging aircraft fleets and accelerating next-generation engine MRO demand. As the installed base matures, StandardAero’s expanding high-margin Component Repair Services segment should provide margin upside, the analyst added.
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