UBS analyst Gavin Parsons upgraded StandardAero (SARO) to Buy from Neutral with a price target of $34, down from $35. The company’s Leap engine is an “idiosyncratic driver” that can add $1B in revenue and $200M of EBITDA by 2030, the analyst tells investors in a research note. UBS says this is in addition to StandardAero’s core business. The firm sees the Leap ramp driving margin expansion and doubling the company’s free cash flow. This is underappreciated at current share levels, UBS contends.
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