AAR Corp. price target raised to $55 from $50 at Benchmark

Benchmark analyst Josh Sullivan raised the firm’s price target on AAR Corp. to $55 from $50 and keeps a Buy rating on the shares. The acquisition of Trax significantly augments AAR’s digitalization strategy and access to higher margin software services, while core commercial markets remain strong and the company continues to benefit from tight commercial aerospace aftermarkets, the analyst tells investors.