Loar Holdings price target raised to $100 from $80 at RBC Capital

RBC Capital analyst Ken Herbert raised the firm’s price target on Loar Holdings (LOAR) to $100 from $80 and keeps an Outperform rating on the shares ahead of its Q3 results. The valuation on the stock appears full, but the firm believes that Loar will continue to benefit from scarcity value, strong Aerospace/Defense fundamentals, and what should be a favorable M&A landscape, even though it expects the management’s initial 2025 comments to be conservative, the analyst tells investors in a research note.