Wedbush Maintains Outperform, $26 PT on AAR

In a published research report today, Wedbush reiterated its Outperform rating on AAR (NYSE: AIR) and $26 price target based on its 2Q 12 initial read.

In the report, Wedbush wrote, “AAR reported an in line quarter of $476 million in revenue (up 8% Y/Y) and $0.45 EPS (flat Y/; $0.43 including the $0.02 acquisition-related expenses). Our estimates for the quarter were $479 million and $0.46, respectively. Consensus for the quarter was $472 million in revenue and $0.45 EPS.”

AAR is currently trading at $18.45, up 5.43% from yesterday's close.