Loar Holdings price target lowered to $92 from $100 at RBC Capital

RBC Capital analyst Ken Herbert lowered the firm’s price target on Loar Holdings (LOAR) to $92 from $100 and keeps an Outperform rating on the shares after the company announced an agreement to acquire LMB Fans & Motors for EUR 365M. Loar has not provided financial details for LMB, but LMB looks to be on pace to generate about $40M in revenue and $20M in EBITDA, the analyst tells investors in a research note. Loar likely paid a mid-teens multiple on proforma 2026 financials, but it appears the business is set up well for significant EBITDA expansion, the firm adds.