BofA trims PT on aircraft maintenance firm StandardAero

StandardAero

27/11/2024 14:03

** BofA Global Research trims price target on aircraft
maintenance firm StandardAero  SARO.N  to $32 from $34
    ** "We reiterate our 'neutral' rating given we see a path
forward for greater margin appreciation driven by Component
Repair Service (CRS) segment, but the timing and meaningful
inflection may require more patience," says brokerage 
    ** Notes CFM Branded Service Agreement (CBSA) as an
"important early-mover advantage" for co, but not a meaningful
revenue driver in the near-term
    ** Six of 9 brokerages rate the stock "buy" or higher, 3
"hold"; their median PT is $36 - LSEG data
    ** Since its NYSE debut on Oct 2 this year, SARO stock down
10%

 (Reporting by Anshuman Tripathy)
 ((Anshuman.Tripathy@thomsonreuters.com))