Morgan Stanley resumes coverage on Loar Holdings, sets PT at $100

Loar Holdings

23/05/2025 12:48

** Morgan Stanley resumes coverage on aerospace parts supplier Loar Holdings LOAR.N with "overweight" rating, sets PT at $100

** PT implies 18.6% upside to stock's last close

** LOAR is executing well on its growth strategy, both through its own efforts and through acquisitions, brokerage says

** Adds that demand for Loar's products is strong, with record bookings across all markets

** Brokerage expects co's revenue to grow at rate of 23% per year from 2024 to 2026

** LOAR has potential to make future acquisitions, with around $86 million available for this purpose, Morgan Stanley says

** As of last close, LOAR stock up 14.1% YTD

 (Reporting by Padmanabhan Ananthan)

 ((Padmanabhan.Ananthan@thomsonreuters.com))