Citigroup Initiates Coverage on Loar (NYSE:LOAR)

Citigroup started coverage on shares of Loar (NYSE:LOAR) in a report released on Monday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $64.00 price target on the stock.

Separately, Royal Bank of Canada began coverage on shares of Loar in a report on Monday. They set an outperform rating and a $60.00 price objective for the company.

Loar Trading Up 6.7 %

NYSE LOAR opened at $59.71 on Monday. Loar has a 1-year low of $42.57 and a 1-year high of $60.82.

Insider Activity at Loar

In related news, Director M Chad Crow purchased 71,429 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was acquired at an average price of $28.00 per share, with a total value of $2,000,012.00. Following the completion of the acquisition, the director now directly owns 89,286 shares in the company, valued at approximately $2,500,008. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Loar Company Profile

Loar Holdings Inc is a diversified manufacturer and supplier of niche aerospace and defense components for aircraft and aerospace and defense systems. Loar Holdings Inc is based in WHITE PLAINS, NY.