Morgan Stanley has resumed coverage of Loar Holdings Inc. with an Overweight rating and a price target of $[redacted] per share. The investment bank expressed confidence in the company’s potential, stating:
"We are initiating coverage with an Overweight rating. We believe that Loar Holdings has significant upside potential."
Implications for Investors
Morgan Stanley’s decision to resume coverage and assign an Overweight rating may have important implications for investors considering purchasing shares in Loar Holdings. As one of the largest investment banks globally, Morgan Stanley’s opinions carry significant weight in the financial community.
Current Stock Performance
- Loar Holdings’ stock price closed at $[redacted] per share on [date].
- The company’s market capitalization was approximately $[redacted] billion as of [date].
Future Developments
Investors will be closely monitoring further developments from Loar Holdings, including updates on its business strategy and financial performance.
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