TAT Technologies initiated with a Buy at Truist

Truist initiated coverage of TAT Technologies (TATT) with a Buy rating and $35 price target The firm views TAT as an “under the radar” small cap commercial aero aftermarket component repair player poised to drive above market and peer average growth, the analyst tells investors. As revenues grow through share gains and an improved go-to-market strategy and the company scales its operations, the firm believes gross and EBITDA margin expansion will be a key driver of the stock, the analyst added.