TAT Technologies initiated with a Buy at Lake Street

Lake Street analyst Ben Klieve initiated coverage of TAT Technologies (TATT) with a Buy rating and $37 price target An OEM/MRO The firm views TAT Technologies – a maintenance, repair, and overhaul service provider to the global aerospace sector- as “a classic overlooked microcap investment opportunity” armed with a “persistently increasing backlog that positions it well for revenue and earnings growth in excess of peers for years to come,” the analyst tells investors. The firm believes continued execution and new contract wins can further catalyze the stock beyond its current market average multiple despite the stock’s strong historical performance, the analyst added.