RBC Capital analyst Ken Herbert raised the firm’s price target on AAR Corp. to $66 from $60 and keeps an Outperform rating on the shares. AAR’s adjusted EPS beat the firm’s expectations for Q4 and revenue of $553M was up 16%, the analyst tells investors in a research note. While free cash flow will lag, upward revisions to sales and margin estimates should support a continued positive re-rating, the firm contends.
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