RBC Capital on StandardAero Inc (SARO): 'We believe the recent softness presents an attractive entry point'

RBC Capital analyst Ken Herbert reiterated an Outperform rating and $34.00 price target on StandardAero Inc (NYSE: SARO).

The analyst commented: "Management meetings focus on limited near-term risks, structural growth outlook; We recently hosted meetings with management of SARO. Management remains confident that the current crisis does not pose a near-term risk to its business. SARO believes its focus on the engine market and its end market mix provide a significant buffer from current market pressures. The company expects that crude prices would have to remain elevated for at least a year before it would see any impact. While the downside risk is difficult to disprove, we believe the recent softness presents an attractive entry point, and we are maintaining our Outperform rating and $34 price target."

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

Shares of StandardAero Inc closed at $26.74 yesterday.

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