Loar Holdings price target raised to $89 from $75 at Morgan Stanley

Morgan Stanley analyst Kristine Liwag raised the firm’s price target on Loar Holdings (LOAR) to $89 from $75 and keeps an Equal Weight rating on the shares. The firm said on Friday that it views positively Loar continuing to execute on its growth strategy from both an organic and inorganic basis. Morgan Stanley gives the company credit for potential incremental M&A as it continues to execute its playbook.