BUZZ-BofA trims PT on aircraft maintenance firm StandardAero

Reuters11-27 22:03

** BofA Global Research trims price target on aircraft maintenance firm StandardAero to $32 from $34

** "We reiterate our 'neutral' rating given we see a path forward for greater margin appreciation driven by Component Repair Service $(CRS)$ segment, but the timing and meaningful inflection may require more patience," says brokerage

** Notes CFM Branded Service Agreement (CBSA) as an "important early-mover advantage" for co, but not a meaningful revenue driver in the near-term

** Six of 9 brokerages rate the stock "buy" or higher, 3 "hold"; their median PT is $36 - LSEG data

** Since its NYSE debut on Oct 2 this year, SARO stock down 10%

(Reporting by Anshuman Tripathy)

((Anshuman.Tripathy@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment