TAT Technologies Surges Past Q1 Challenges

TAT Technologies has overcome supply chain challenges that affected its performance in Q1 and is now back on track, with strong growth and an expanded partnership with Honeywell. The company's backlog has increased to $615 million, while earnings per share are expected to grow at a CAGR of 20.3%.

This growth is expected to continue despite potential risks such as supply disruptions and competitive pressures. As a result, the outlook for TAT Technologies remains positive, prompting an upgrade to Strong Buy with a target price of $63.80. This implies a 60.95% upside from the recent close.