Morgan Stanley Maintained a Buy Rating on Loar Holdings (LOAR), Kept the PT Unchanged
From Yahoo Finance: 2025-06-28 12:30:00
Loar Holdings Inc. (NYSE:LOAR) is ranked as one of the 13 Best Aerospace and Defense Stocks to Invest in Now. Morgan Stanley maintained a Buy rating on LOAR with a price target of $100 after strong Q1 2025 results and an upward revision for the 2025 outlook. Net sales were $114.7 million, up 24.8% YoY, driven by defense and commercial sectors.
Management noted a 30% surge in Defense sales, attributed to strong demand across platforms and new product launches. LOAR reported growing bookings and backlogs across all market sectors, prompting an upward revision of the full-year outlook to $482-$490 million. The company offers specialized aerospace and defense components to various sectors.
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Read more at Yahoo Finance: Morgan Stanley Maintained a Buy Rating on Loar Holdings (LOAR), Kept the PT Unchanged