EarlyBird Capital Lowers AAR PT, Reiterates Buy

EarlyBird Capital lowered its AAR (NYSE: AIR) price target from $36 to $30 and reiterated its AAR Buy rating in a research report published today.

In the report, EarlyBird Capital states, "Given the quarterly performance it is clear there are many ebbs and flows in AIR's business and look forward to management's update in October. We reiterate our BUY rating as we believe AIR will benefit from the commercial aerospace recovery, but given the ebbs and flows in the business and the recent volatility in the market, we believe it is prudent to adjust our target multiple."

Shares of AAR were trading at $20.06 at the time of posting, down 2.24% from Friday's market close.