Stifel analyst Bert W. Subin initiated coverage on six companies in the commercial aerospace industry: Boeing Co (NYSE: BA) with a price target of $265, Transdigm Group Inc (NYSE: TDG) with a price target of $1,000, Spirit Aerosystems Holdings, Inc (NYSE: SPR) with a price target of $28, Hexcel Corp (NYSE: HXL) with a price target of $83, Heico Corp (NYSE: HEI) with a price target of $200 and AAR Corp (NYSE: AIR) with a price target of $80.
Subin initiated coverage with a Buy rating on BA, HXL, HEI, and AIR and a Hold rating on TDG and SPR.
Boeing and its suppliers see the most upside as aftermarket growth should start to slow.
The analyst noted that new aircraft ...