RBC on Loar Holdings Inc (LOAR): 'We Continue to View Loar as Well Positioned to Benefit From a Healthy AM Outlook'

RBC Capital analyst Ken Herbert reiterated an Outperform rating and $100.00 price target on Loar Holdings Inc (NYSE: LOAR).

The analyst said: "Loar Holdings (LOAR) completed a successful equity offering this week, generating ~$310M in net proceeds. The company issued a total of ~5.8M shares (two-thirds primary and one-third secondary). We are adjusting our estimates to reflect the higher share count, as well as the debt reduction (lower interest expense). We are not changing our margin assumptions, but we have pushed some revenues out of 1Q25, reflecting the lingering impact of the Boeing strike. We continue to view LOAR as well positioned to benefit from a healthy AM outlook, and we are maintaining our Outperform rating and $100 price target."

For an analyst ratings summary and ratings history on Loar Holdings Inc click here. For more ratings news on Loar Holdings Inc click here.

Shares of Loar Holdings Inc closed at $79.14 yesterday.

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