Loar soars ahead of S&P SmallCap add
BUZZ-Loar soars ahead of S&P SmallCap add ** Aerospace components supplier Loar Holdings LOAR.N up 9.4% at $67.96, an 8-week high, on Mon as co poised to join S&P SmallCap 600 .SPCY
** LOAR stock on course for steepest daily pct gain since Apr 9, 2025
** LOAR to replace LiveRamp Holdings RAMP.N in SPCY before market open on Weds, Nov 4, S&P Dow Jones Indices announced late Fri
** Data collaboration platform RAMP being acquired by French advertising group Publicis Groupe PUBP.PA in about $2 bln deal expected to close soon
** Stephens analyst Melissa Roberts outlined in a note that passive funds will need to purchase ~4.9 mln LOAR shares, which implies 7 days of buying demand
** White Plains, New York-based LOAR has ~93.7 mln shares outstanding for about $5.8 bln market cap as of Fri
** With the advance, LOAR shares essentially flat YTD
** 4 of 6 analysts rate the stock "strong buy" or "buy", 2 "hold"; median PT $86, per LSEG data
** Co slated to report Q3 results before the bell on Thurs, Nov 5
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))