Stifel Maintains Buy Rating for AAR: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Stifel has reaffirmed its Buy rating on AAR Corp (NYSE:AIR) and increased its price target from $80.00 to $81.00. Despite the upgrade, AAR's stock is currently down 5.35% at $67.00 per share. An increase to the new price target would represent a 20.9% upside. AAR provides products and services to the aviation, government, and defense sectors, with the majority of its revenue coming from the Aviation Services segment.
December 22, 2023 | 5:00 pm
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POSITIVE IMPACT
Stifel maintains a Buy rating on AAR Corp and raises the price target to $81, indicating a potential 20.9% upside from the current price of $67, despite a recent 5.35% drop in stock price.
The reaffirmation of a Buy rating and an increase in the price target by Stifel are strong positive signals for AAR Corp, suggesting confidence in the company's future performance. Although the stock has recently fallen, the new price target implies significant upside potential. The short-term impact is likely to be positive as the market digests this vote of confidence from a reputable analyst firm.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100