Albany International price target lowered to $101 from $104 at Truist

Truist lowered the firm’s price target on Albany International to $101 from $104 and keeps a Buy rating on the shares as part of a broader research note previewing Q2 results in the Aerospace & Defense sector. The setup for commercial aero OEM will be challenged amid well-telegraphed supply chain and production issues, though the aero aftermarket group should see “another strong showing”, with upside to consensus expectations set to unfold, the analyst tells investors in a research note. For the company, Truist has reduced its estimates to account for lower commercial aero production rates, notably MAX and 787, the firm added.