AAR Corp. initiated with a Buy at Jefferies

Core Viewpoint - Jefferies has initiated coverage of AAR Corp. (AIR) with a Buy rating and a price target of $100, highlighting the company's transformation into a full-service aviation aftermarket portfolio through five deals since 2023 [1] Group 1 - AAR's transformation is supported by an intellectual property stack and recurring software solutions, enhancing its service offerings [1] - The diversification into predictable, higher-margin channels is expected to contribute to an estimated 11% compound annual growth rate (CAGR) through 2028 [1]