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European markets opened lower amid ongoing market uncertainty, with analysts indicating that the equity drawdown probability has not peaked. Factors contributing to this outlook include a weakening macroeconomic backdrop, declines in key tech stocks, and a risk appetite indicator suggesting no strong buying opportunity has emerged.Investors are closely monitoring upcoming economic data, including the Chicago Business Barometer and U.S. employment reports, while crude oil and gold prices showed slight increases. Asian markets also closed lower, reflecting broader global market trends.
Truist Financial has lowered its price target for AAR Corp (NYSE:AIR) from $81.00 to $78.00, maintaining a "buy" rating, indicating a potential upside of 31.44%. AAR's stock recently traded down 13.2% to $59.34, with analysts giving it an average rating of "Moderate Buy" and a consensus target price of $80.80. The company reported a quarterly EPS of $0.99, surpassing estimates, while revenue increased by 19.5% year-over-year.
AAR Corp. has disclosed that former employees may have engaged in bribery to secure contracts in Nepal and South Africa, prompting the company to self-report violations of the Foreign Corrupt Practices Act (FCPA) to U.S. and U.K. authorities. The Illinois-based aviation maintenance provider reported a $3.9 million increase in selling, general, and administrative expenses linked to these FCPA investigations and is fully cooperating with ongoing probes.
AAR Corp.
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11:29 31.03.2025
institutional investors increase stakes in aar amid mixed analyst ratings
18:00 29.03.2025
aar corp reveals former executives involved in fcp violations in nepal south africa
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