Loar Holdings Inc (LOAR) PT Raised to $100 at RBC Capital

RBC Capital analyst Ken Herbert raised the price target on Loar Holdings Inc (NYSE: LOAR) to $100.00 (from $80.00) while maintaining a Outperform rating.

The analyst comments "Loar Holdings (LOAR) is scheduled to report 3Q24 results before the market opens on November 13. We can appreciate the valuation appears full, but we believe LOAR will continue to benefit from scarcity value, strong A&D fundamentals, and what should be a favorable M&A landscape. We believe the Applied Avionics acquisition will be a source of upside, and we model 3Q24 organic growth of ~11%, led by commercial markets. We expect any initial 2025 comments to be conservative, but we are maintaining our OP rating and increasing our PT to $100 from $80."

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