Albany International upgraded to Outperform from Market Perform at TD Cowen

TD Cowen analyst Gautam Khanna upgraded Albany International to Outperform from Market Perform with a price target of $106, up from $100. The firm sees an attractive risk/reward at current share levels with its sum-of-the-parts analysis suggesting 25% upside. In 2025, Albany’s pending Heimbach acquisition should “prove very accretive” and incremental to consensus estimates, the analyst tells investors in a research note. TD Cowen expects investors to favor aerospace stocks for an extended period as the sector “remains middle innings” in the narrowbody/widebody production cycles.