StandardAero initiated with a Positive at Susquehanna

Susquehanna initiated coverage of StandardAero (SARO) with a Positive rating and $34 price target The firm believes the company is well positioned to benefit from “robust growth” in maintenance submarkets of the aerospace and defense industry. StandardAero is a pure-play aeroengine aftermarket supplier that has established relationships with major engine and plane makers, the analyst tells investors in a research note. It sees a multi-year growth opportunity in the engine maintenance submarket.