Benchmark raised the firm’s price target on TAT Technologies (TATT) to $35 from $30 and keeps a Buy rating on the shares. TAT’s recent Q4 results exceeded the firm’s expectations on both the top-line and margin front, notes the analyst, who highlights it as the company’s “ninth quarter of consecutive growth.” Given expanded capabilities in APU repairs, an emerging landing gear cycle, leasing/trading contributions, and strong heat exchanger demand, the firm believes “this streak will continue,” the analyst added.
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