Loar Holdings price target raised to $75 from $70 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Loar Holdings (LOAR) to $75 from $70 and keeps an Equal Weight rating on the shares. The commercial aftermarket is a beneficiary of a prolonged Boeing (BA) strike and a sustained shift to the right in new aircraft deliveries, says the analyst, who sees the current environment benefitting names like Loar, Heico (HEI), FTAI Aviation (FTAI) and TransDigm (TDG). The firm marked to market valuation multiples for several in the group named.