StandardAero initiated with an Outperform at Wolfe Research

Wolfe Research initiated coverage of StandardAero (SARO) with an Outperform rating and $34 price target The firm says disruption in all areas of the plane manufacturer landscape make it a very good time to be an aero aftermarket provider. StandardAero “is a big fish” in the independent aircraft engine maintenance, repair and overhaul pond with sales drivers, the analyst tells investors in a research note.