
Morgan Stanley resumes coverage on aerospace parts supplier Loar Holdings LOAR.N with "overweight" rating, sets PT at $100
PT implies 18.6% upside to stock's last close
LOAR is executing well on its growth strategy, both through its own efforts and through acquisitions, brokerage says
Adds that demand for Loar's products is strong, with record bookings across all markets
Brokerage expects co's revenue to grow at rate of 23% per year from 2024 to 2026
LOAR has potential to make future acquisitions, with around $86 million available for this purpose, Morgan Stanley says
As of last close, LOAR stock up 14.1% YTD