AAR Corp. price target lowered to $78 from $81 at Truist

Truist lowered the firm’s price target on AAR Corp. (AIR) to $78 from $81 and keeps a Buy rating on the shares. The company’s Q3 results were mixed, but the management is not seeing or anticipating demand erosion for its services from recent carrier capacity guidance cuts, weakening ticket sales, and other tariff headwinds, the analyst tells investors in a research note. Truist adds however that it did moderate its estimates to account for the landing gear sale while also taking a more conservative view of the market amid tariff and capacity uncertainty.