Loar Holdings' (LOAR) "strong" Q1 that exceeded market expectations was led by its defense and aftermarket results, RBC Capital Markets said in a note Thursday.
Defense sales rose about 30% mainly because of robust demand in various platforms, while commercial aftermarket was up 13%, the firm said.
RBC also noted that Loar now expects its aerospace aftermarket to see a low-double-digit growth, up from the previous high-single-digit guide.
"The company continues to see strong airline demand, and has not seen any changes to its [aftermarket] outlook as a result of tariffs or a slower macro," the firm said.
RBC maintained the company's outperform rating and $92 price target.
Price: 83.15, Change: -0.52, Percent Change: -0.62
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