StandardAero initiated with an Overweight at Barclays

Barclays analyst David Strauss initiated coverage of StandardAero (SARO) with an Overweight rating and $32 price target StandardAero should grow in line to faster than its aerospace aftermarket peers while trading at a 30% discount, the analyst tells investors in a research note. The firm says the company is highly levered to General Electric’s narrow-body aircraft aftermarket, which it forecasts will see double-digit growth over the next several years.