AAR Corp shares jumped 4.9% after Truist Securities raised its price target on the stock to $145 from $128 while maintaining a Buy rating. The upgrade follows AAR's strong quarterly earnings report on July 21st, where the company posted earnings per share of $1.53, beating the consensus estimate of $1.38, and revenue of $928 million, surpassing analyst expectations of $893.03 million. The shares closed at $136.86, up 6% from the previous close.
AAR CorpTruist raised price target to $145 and maintained Buy rating after strong earnings beat.