EarlyBird Capital Reiterates AAR Buy

EarlyBird Capital reiterated its AAR (NYSE: AIR) Buy rating in a research report published today. EarlyBird Capital has a $23 price target on AAR shares.

In the report, EarlyBird Capital states, "We believe this acquisition leverages AIR better to new platform build rates, which clearly represents an option on AIR's base business when the economy improves, as cargo will improve accordingly."

Shares of AAR were trading at $19.64 at the time of posting, up 4.64% from Friday's market close.