BofA lowered the firm’s price target on StandardAero (SARO) to $30 from $33 and keeps a Neutral rating on the shares. The firm “appreciates” StandardAero’s growing services portfolio and long-term revenue growth opportunities, but cites business transformation costs and position in the aftermarket the will weigh on margin upside and cash generation in the near term for its Neutral rating.
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Read More on SARO:
- Cautious Hold Rating on StandardAero Amid Strategic Growth and Short-Term Margin Challenges
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