UPDATE: D.A. Davidson Reiterates Buy Rating, Lowers PT on AAR Corp. After FQ1 Earnings Disappoint - AAR (NYSE:AIR)

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

In a report published Wednesday, D.A. Davidson analyst JB Groh reiterated a Buy rating on

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

AAR Corp.

(NYSE: AIR), but lowered the price target from $36.00 to $32.00.In the report, D.A. Davidson noted, “AAR reported Q1 2015 EPS of $0.36, below our estimate of $0.40 and the $0.38 Street mean. Overall sales declined 8.8% to $469 million; below our estimate of $500 million and the $488 million Street mean. Consolidated gross margin for the quarter was 16.0%; down 50bp year-over-year, 100bp sequentially and 40bp below our estimate. Free cash flow was $6.0 million or $0.15 per share; it was negatively impacted by inventory purchases related to a supply chain contract. Commercial sales were up 2.4% (~65% of revenue) and defense sales fell 24% from Q1:14 (~35% of revenue).”AAR Corp. closed on Tuesday at $28.00.