RBC Capital has lowered its price target for Loar Holdings Inc. (NYSE:LOAR) to $90 from $92 but maintained an Outperform rating. The adjustment follows an update of estimates to reflect recent acquisitions of LMB Fans & Motors and Harper Engineering, with the firm believing these acquisitions offer significant cross-selling opportunities and margin improvements. Despite a high P/E ratio, Loar’s PEG ratio suggests it may be undervalued given its growth potential, and analyst consensus remains strongly bullish.
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RBC Capital lowers Loar Holdings stock price target on estimate update
RBC Capital has lowered its price target for Loar Holdings Inc. (NYSE:LOAR) to $90 from $92 but maintained an Outperform rating. The adjustment follows an update of estimates to reflect recent acquisitions of LMB Fans & Motors and Harper Engineering, with the firm believing these acquisitions offer significant cross-selling opportunities and margin improvements. Despite a high P/E ratio, Loar’s PEG ratio suggests it may be undervalued given its growth potential, and analyst consensus remains strongly bullish.