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Fly News Breaks for September 26, 2019
AIR
Sep 26, 2019 | 07:58 EDT
Stifel analyst Joseph DeNardi said that AAR Corp.'s Q1 adjusted EPS and sales growth both beat his estimates, noting that trends in the Aviation segment are strengthening "with what sounds like an improving risk profile." AAR management said that initiatives implemented to address labor shortages in the MRO market, which last year had adversely impacted results, are working, reported DeNardi, who keeps a Buy rating on the stock and raised his price target to $55 following the quarterly report.
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