Wedbush Maintains Outperform Rating and $26 PT on AAR

A report from Wedbush reiterates its Outperform rating and $26 price target on AAR (NYSE: AIR).

The report states, “AAR (AIR - OUTPERFORM) hosted a call today to provide additional details into the Telair and Nordisk acquisitions it announced Friday. AAR is paying $280 for both Telair and Nordisk. The companies are expected to add over $225 million in FY 2013 revenues and at least $0.20 - $0.25 in FY 2013 EPS from accretion. Synergies and better industry fundamentals would be additional upside”.

AIR closed yesterday at $19.70.