Loar Stock Sees Price Target Rise to $85.00

Royal Bank of Canada (RBC) has increased its price target for Loar (NYSE:LOAR) stock to $85.00 from $80.00, according to a research note issued on Friday.

The brokerage currently has an 'outperform' rating on the stock and sees a potential upside of 19.95% from the current price.

This is not the only analyst firm that has revised its target for Loar's stock this month. Citigroup upped their target price on shares of Loar from $71.00 to $87.00 and gave the company a 'buy' rating in a research note on Thursday, June 25th.

Despite the positive outlook, Zacks Research downgraded Loar from a 'strong-buy' rating to a 'hold' rating in a research report on Wednesday.