Air Transport Services price target raised to $21 from $17 at Truist

Truist analyst Michael Ciarmoli raised the firm’s price target on Air Transport Services to $21 from $17 and keeps a Hold rating on the shares after its Q2 earnings beat and guidance raise. After seeing pressure earlier in the year, block hour volumes and hourly rates have improved and aircraft placements over the past 30 days are an encouraging sign, the analyst tells investors in a research note.