Loar (NYSE:LOAR) Now Covered by Morgan Stanley

Morgan Stanley began coverage on shares of Loar (NYSE:LOAR) in a report released on Monday, MarketBeat.com reports. The firm issued an equal weight rating and a $55.00 price objective on the stock.

LOAR has been the topic of several other research reports. Royal Bank of Canada initiated coverage on Loar in a research report on Monday. They set an outperform rating and a $60.00 target price on the stock. Citigroup initiated coverage on Loar in a research report on Monday. They set a buy rating and a $64.00 target price on the stock.

Loar Stock Performance

Loar stock opened at $54.83 on Monday. Loar has a 12 month low of $42.57 and a 12 month high of $61.00.

Insiders Place Their Bets

In other news, Director M Chad Crow purchased 71,429 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were purchased 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 owns 89,286 shares in the company, valued at approximately $2,500,008. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

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.