Benchmark Reaffirms Buy on TAT Technologies (TATT) After Major MRO Deal
Benchmark analysts reaffirmed their Buy rating on TAT Technologies Ltd. (NASDAQ:TATT) and maintained a $35 price target on May 23, after the company secured an expanded maintenance, repair, and overhaul partnership with a major international cargo carrier.
The project's estimated value ranges from $45 million to $55 million over the next five years and the new contract focuses on maintenance support for various aircraft, such as the Airbus A300 and Boeing 737, 757, 767, and 777.
Although the identity of the cargo carrier was not revealed, analysts speculate that it might be one of the leading players in the market, such as UPS, FedEx, and DHL, given that TAT Technologies Ltd. (NASDAQ:TATT) has made reference to current contracts and possible expansion prospects within these companies' product lines.
Benchmark holds confidence in TAT Technologies' business plan and the projected impact of the new MRO collaboration on the company's financial results in the years to come. Igal Zamir, the CEO of TAT, also emphasized the contract as evidence of the company's "Customer First" policy and the growing recognition of its maintenance and repair capabilities.
While we acknowledge the potential of TATT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TATT and that has 100x upside potential, check out our report about the cheapest AI stock.
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