StandardAero Faces Supply Chain Headwinds, Long-Term Outlook Positive, RBC Says-June 2024-www.financetom.com

StandardAero Faces Supply Chain Headwinds, Long-Term Outlook Positive, RBC Says

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StandardAero Faces Supply Chain Headwinds, Long-Term Outlook Positive, RBC Says

Nov 12, 2024 12:38 PM

12:02 PM EST, 11/12/2024 (MT Newswires) -- StandardAero's ( SARO ) Q3 results may not serve as a positive catalyst for the stock due to challenges in the engine supply chain, RBC Capital Markets said in a Tuesday note.

RBC said it maintains a positive long-term view on StandardAero ( SARO ) despite current challenges and expects improvement in 2025 to 2026.

The company's Q3 results are set for release Wednesday after the market close.

RBC said that recent stock weakness reflects lower-than-expected engine shop visit results from General Electric ( GE ) and a slower ramp-up in production of the Leap engine has impacted overall performance.

The firm has an outperform rating and a $37 price target on StandardAero ( SARO ).

Price: 29.92, Change: +0.02, Percent Change: +0.07

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