Analysts at TD Cowen see a rosy scenario for the commercial aerospace aftermarket for years to come.
Continual reports of chaos at airports underscore what may turn out to be a golden opportunity for investors. Air travel demand has soared, new airplanes are needed and their delivery is being delayed. That means it is a good time to be in the business of selling related parts and equipment.
Commonly used valuation measures for stocks, such as forward price-to-earnings ratios, are based on consensus estimates among analysts working for brokerage firms. Upward revisions to estimates for sales, earnings or free cash flow can support higher stock prices over time. Here are the six stocks the analysts rated “outperform” in their report focusing on the commercial aero aftermarket:
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