Madison Air Solutions (MAIR) Reiterated at Buy by Stifel as ebm-papst Acquisition Announced

Stifel analyst Nathan Jones reiterated a Buy rating and $41.00 price target on Madison Air Solutions (NYSE: MAIR).

The analyst commented, "Madison Air announced the transformational acquisition of ebm-papst on Monday. We were fortunate to meet with CFO JJ Foley with investors on Tuesday morning to better understand the strategic rationale and value creation opportunities from the acquisition: Adding fans to the portfolio was always on Madison’s strategic roadmap dating back to the first steps in building the air portfolio. ebm-papst, in management’s view, is the highest quality asset in the space and was the #1 target on the list to vertically integrate fans into the portfolio. Air handling and the fan can be engineered together to improve efficiency, reduce costs, and provide increased value to the customer."

For an analyst ratings summary and ratings history on Madison Air Solutions click here. For more ratings news on Madison Air Solutions click here.

Shares of Madison Air Solutions closed at $26.25 yesterday.

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