RBC lifts Loar PT on M&A upside, strong margins

Loar Holdings

18/06/2024 13:56

** RBC lifts PT for aerospace and defense components maker
Loar  LOAR.N  to $65 from $60
    ** The new price target represents a 9.5% upside to the
stock's last close
    ** Says co's potential for M&A upside, strong margins, focus
on commercial aerospace aftermarket justifies valuation premium
    ** Adds that high level of IP from niche product portfolio
enables Loar to benefit from strong pricing tailwinds
    ** Two brokerages rate the stock "strongbuy", one "buy";
their median PT is $65.00 - LSEG data
    ** Stock has fallen 16.2% since its NYSE debut on April 25

 (Reporting by Aatreyee Dasgupta)
 ((Aatreyee.Dasgupta@thomsonreuters.com))