BofA analyst Ronald Epstein raised the firm’s price target on StandardAero (SARO) to $33 from $30 and keeps a Neutral rating on the shares. StandardAero remains a “well-managed” maintenance, repair, and overhaul provider, says the analyst, who appreciates the steps the company is making to pivot towards higher-growth and higher-margin arenas. The firm raised its target as it raised adjusted EPS estimates in the outyears, but it believes StandardAero’s positioning within the aftermarket of “wrench-turning” versus “part-making” may ultimately limit margin upside.
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