European markets mostly higher as investors weigh earnings, trade tensions By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Source: Investing.com
European Market Performance: European shares closed mostly higher as investors reacted to potential easing of U.S.-China tariff tensions, with the pan-European Stoxx 600 rising by 0.5% amid optimism for upcoming corporate earnings reports.
Upcoming Earnings and Economic Data: Major U.S. tech companies like Microsoft, Apple, and Amazon are set to report earnings this week, while European firms such as Adidas and AstraZeneca will also release their quarterly results, amidst concerns over inflation data and oil prices influenced by trade disputes.
Analyst Views on AIR
Wall Street analysts forecast AIR stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for AIR is 101.25 USD with a low forecast of 93.00 USD and a high forecast of 107.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 107.740
Low
93.00
Averages
101.25
High
107.00
Current: 107.740
Low
93.00
Averages
101.25
High
107.00
About AIR
AAR Corp. is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. The Company’s Parts Supply segment consists of its sales of used serviceable engine and airframe parts and components and distribution of new parts. The Repair & Engineering segment consists of its maintenance, repair, and overhaul (MRO) services across airframes and components. The Integrated Solutions segment consists of its fleet management and operations of customer-owned aircraft, customized performance-based supply chain logistics programs in support of the United States (U.S.) Department of Defense, U.S. Department of State, and foreign governments, flight hour component inventory and repair programs for commercial airlines, and integrated software solutions, including Trax. The Expeditionary Services segment consists of products and services supporting the movement of equipment and personnel by the U.S. and foreign governments and non-governmental organizations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
