AAR Corp. price target raised to $81 from $80 at Stifel

Stifel analyst Bert Subin raised the firm’s price target on AAR Corp. (AAR) to $81 from $80 and keeps a Buy rating on the shares. AAR’s Q2 adjusted EBITDA was above consensus on slightly lower sales, which were weighed down by the government customer and weaker Expeditionary Services, the analyst tells investors in a research note. The firm is positive on AAR’s deal to buy Triumph’s (TGI) product support business, as it provides a path to higher margins through complimentary growth in repairs.