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AIR

AAR Corp.

$37.66

-0.245 (-0.65%)

07:00
07/09/19
07/09
07:00
07/09/19
07:00

AAR poised for recovery as long as fundamentals are solid, says Canaccord

Canaccord analyst Ken Herbert maintained a Buy rating and $48 price target on AAR Corp ahead of the company's Q4 earnings report. In a research note to investors, Herbert says that after a disappointing fiscal 2019, the stock has been recovering recently as investors believe the challenged MRO performance has at least troughed, and a conservative outlook for fiscal 2020 will position the company to deliver upside relative to expectations. Further, the analyst says he believes investors sense that management could further "kitchen sink" the quarter as it looks to fully divest any remaining airlift assets or to make any changes to its remaining manufacturing businesses. He thinks the stock is poised for a continued recovery as long as fundamentals remain solid and execution stabilizes heading into FY20.

  • 10

    Jul

  • 17

    Jul

AIR AAR Corp.
$37.66

-0.245 (-0.65%)

07/08/19
STFL
07/08/19
INITIATION
Target $50
STFL
Buy
AAR Corp. initiated with a Buy at Stifel
Stifel analyst Joseph DeNardi started AAR Corp. with a Buy rating and $50 price target. The stock's year-to-date underperformance, attributable to a relatively new management team twice lowering guidance, presents a buying opportunity, DeNardi tells investors in a research note. The analyst believes the ~65% of AAR's business focused on commercial aviation continues to see strong underlying demand trends. Further, the ~35% of sales focused on defense should grow inline with gross domestic product, he contends.
03/20/19
ADAM
03/20/19
NO CHANGE
Target $48
ADAM
Buy
AAR Corp. price target cut to $48 from $52 at Canaccord
Canaccord analyst Ken Herbert maintained a Buy rating on AAR Corp (AIR) and lowered his price target to $48 following the company's Q3 results and lowered sales and earnings outlook, reflecting ongoing issues with the Maintenance, Repair and Overhaul, or MRO, business. In a research note to investors, Herbert says that while is is "disappointed" in the continued labor issues with the MRO business, management continues to see strength across its remaining commercial business and believes the current market plays to AAR's strengths in parts trading and distribution. The analyst does see some risk around uncertainty with its programs business, especially with customers that use the Boeing (BA) 737 MAX aircraft, but the outlook for pricing for used and new material for the aftermarket remains very strong and should be a tailwind into FY20.
09/11/18
09/11/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. CBS (CBS) downgraded to Neutral from Buy at UBS with analyst John Hodulik saying uncertainty around the management transition limits upside in the shares and could last for an extended period. 2. Tesla (TSLA) downgraded to Neutral from Buy at Nomura Instinet with analyst Romit Shah expressing concern that the "erratic behavior" of CEO Elon Musk will taint the Tesla brand. 3. Johnson Controls (JCI) downgraded to Neutral from Buy at UBS with analyst Steven Winoker saying while the company's Buildings business is improving in 2018, the pace and magnitude of the progress is proving slower and lower than expectations. 4. Wingstop (WING) downgraded to Neutral from Buy at Goldman Sachs with analyst Karen Holthouse saying she continues to view the company's comps and unit growth fundamentals favorably but she recommends taking profits at current share levels. 5. AAR Corp. (AIR) downgraded to Hold from Buy at SunTrust with analyst Michael Ciarmoli saying he is maintaining a bullish view on the aero aftermarket with an opportunity for AAR Corp to exploit its position while also reaping benefits from its INL Global Aviation Support Services contract, but he also believes that the company's near-term growth will come under pressure from its maintenance, repair, and overhaul, or MRO, segment. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/11/18
RHCO
09/11/18
DOWNGRADE
Target $47
RHCO
Hold
AAR Corp. downgraded to Hold from Buy at SunTrust
As reported earlier, SunTrust analyst Michael Ciarmoli downgraded AAR Corp to Hold from Buy and lowered his price target to $47 from $50. The analyst notes that he is maintaining a bullish view on the aero aftermarket with an opportunity for AAR Corp to exploit its position while also reaping benefits from its INL Global Aviation Support Services contract, but he also believes that the company's near-term growth will come under pressure from its maintenance, repair, and overhaul, or MRO, segment. He cites tight labor condition in the unit as well as the delays associated with the company's new 737MAX/ A320NEO production, which combine to create a weaker than normal Q1 environment for AAR Corp.

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ALV

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AAPL

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CS

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AMC Entertainment

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ACGL

Arch Capital

$38.24

0.12 (0.31%)

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BLK

BlackRock

$474.98

4.06 (0.86%)

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SKX

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$34.75

0.35 (1.02%)

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TRV

Travelers

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AXS

Axis Capital

$59.90

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PM

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$474.98

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CUBE

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PSA

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Wayfair

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SYF

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