AAR Corp. price target raised to $58 from $55 at RBC Capital

RBC Capital raised the firm’s price target on AAR Corp. to $58 from $55 and keeps an Outperform rating on the shares. The analyst cites the company’s Q3 earnings beat and margin expansion but notes that despite the strong growth in sales and margins, its free cash flows remain a question. The firm adds however that it is encouraged by AAR’sM&A pipeline and asset acquisition opportunities.