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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SARO:
- Balanced Outlook on StandardAero, Inc.: Hold Rating Amid Strategic Expansion and Margin Constraints
- Jefferies aerospace/defense analysts hold an analyst/industry conference call
- StandardAero 30M share Secondary priced at $28.00
- Closing Bell Movers: Trip.com slips 3% after results despite topping estimates
- StandardAero announces offering of 30M shares of common stock for holders