5 stories mentioning SAROUpdated 21d ago
Every FINWIRES story that references SARO, newest first.
StandardAero (SARO) has an average rating of buy and mean price target of $35.17, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
StandardAero (SARO) remains well-positioned despite rising energy prices and broader market concerns, with the recent share softness presenting an "attractive entry point," RBC Capital Markets said in a report emailed Tuesday.Following meetings with StandardAero management, RBC said the company does not expect the current energy price environment to pose a "near-term risk" to its business, noting crude prices would likely need to remain elevated for at least a year before affecting demand.StandardAero has not seen customers reduce maintenance spending and highlighted that about 80% of the company's revenue is tied to long-term contracts, with its commercial business sold out through 2027, the report said.RBC pointed to continued strength in StandardAero's engine aftermarket business, citing growth opportunities tied to LEAP, CFM56 and CF-34 engine programs, with LEAP-related business increasing fourfold in Q1 from a year earlier and the company still targeting about $1 billion in annual LEAP revenue by 2030, according to the report.StandardAero's exposure to commercial transport, defense and business jets provides a favorable end-market mix, while its focus on narrow-body and regional engines positions the company in faster-growing segments of the aerospace aftermarket industry, the report said.RBC maintained an outperform rating on StandardAero with a price target of $34.Price: $26.78, Change: $+0.04, Percent Change: +0.15%
StandardAero's (SARO) shares were up 6.9% in Monday trading after UBS upgraded the company's stock to buy from neutral and lowered its price target to $34 from $35.Trading volume stood at about 5 million shares compared with a daily average of roughly 4.1 million.Price: $26.84, Change: $+1.70, Percent Change: +6.76%
StandardAero (SARO) has an average rating of buy and mean price target of $35.67, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
StandardAero (SARO) said Wednesday that it has signed a long-term agreement with Rolls-Royce to provide repair and overhaul support for the MT7 marine gas turbine engine from its facility in Maryville, Tennessee.The MT7 marine gas turbine engine powers the US Navy's Ship to Shore Connector vehicle, the company said, noting that the Ship to Shore Connector program was designed to provide greater payload capacity for weapons, equipment, cargo, and personnel from amphibious ships to land.Price: $24.86, Change: $-0.25, Percent Change: -1.00%
