Truist analyst Michael Ciarmoli raised the firm’s price target on AAR Corp. to $68 from $60 and keeps a Buy rating on the shares. Management guided to low-teens sales growth in fiscal Q1 and expects operating leverage and efficiencies to drive continued margin expansion driven primarily by continued improvement across its commercial aero aftermarket businesses, with demand and pricing appearing healthy for both parts and MRO, the analyst tells investors in a research note.
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