StandardAero initiated with an Overweight at JPMorgan

JPMorgan analyst Seth Seifman initiated coverage of StandardAero (SARO) with an Overweight rating and $36 price target StandardAero is the leading maintenance provider for a core of commercial, military and business airplane engines, the analyst tells investors in a research note. The firm forecasts double-digit sales growth annually through 2027 and says the company is well positioned for elevated maintenance demand.