AAR CORP. (NYSE:AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced an extension of its distribution relationship with Leach International Corp.
AAR will
Evercore ISI Group raised the price target on Spero Therapeutics, Inc. (NASDAQ: SPRO) from $2 to $8. Evercore ISI Group analyst Josh Schimmer also upgraded the stock from In-Line to Outperform. Spero Therapeutics shares rose 7.3% to $2.37 on Friday.
Pre-open movers
U.S. stock futures traded lower in early pre-market trade on Friday after recording losses on Thursday. The Dow Jones closed lower by more than 100 points, while the Nasdaq Composite fell around 150 points in the previous session after the US Federal Reserve, on Wednesday, raised its policy rate by 75 basis points for the third time.
AAR (NYSE:AIR) has outperformed the market over the past 20 years by 2.65% on an annualized basis producing an average annual return of 10.46%. Currently, AAR has a market capitalization of $1.61 billion.
AAR (NYSE:AIR) reported quarterly earnings of $0.72 per share which beat the analyst consensus estimate of $0.67 by 7.46 percent. This is a 53.19 percent increase over earnings of $0.47 per share from the same period