Citi raised the firm's price target on Loar Holdings to $87 from $71 and keeps a Buy rating on the shares. Citi also added an "upside 90-day catalyst watch" on Loar ahead of the Q2 report. The firm believes the improving commercial and defense aftermarket will drive valuation upside in the shares. Loar is the only aftermarket stock still trading at a meaningful discount to its historical valuation range, the analyst tells investors in a research note.
