BUZZ-<a href="https://laohu8.com/S/MSPQL">Morgan Stanley</a> resumes coverage on Loar Holdings, sets PT at $100 ** Morgan Stanley resumes coverage on aerospace parts supplier Loar Holdings LOAR.N with "overweight" rating, sets PT at $100
** PT implies 18.6% upside to stock's last close
** LOAR is executing well on its growth strategy, both through its own efforts and through acquisitions, brokerage says
** Adds that demand for Loar's products is strong, with record bookings across all markets
** Brokerage expects co's revenue to grow at rate of 23% per year from 2024 to 2026
** LOAR has potential to make future acquisitions, with around $86 million available for this purpose, Morgan Stanley says
** As of last close, LOAR stock up 14.1% YTD
(Reporting by Padmanabhan Ananthan)
((Padmanabhan.Ananthan@thomsonreuters.com))
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