TAT Technologies price target raised to $36 from $35 at Benchmark

Benchmark raised the firm’s price target on TAT Technologies (TATT) to $36 from $35 and keeps a Buy rating on the shares. The firm, which believes TAT “falls into the category of thematic play on trusted OEM partner for an aerospace supply chain in flux,” cites strong Q1 results, an equity offering providing dry powder to execute on a growing backlog, a landing gear cycle just ramping up and likely additional order flowing through the year for its increased target.