CIBC recently revised its price target for StandardAero (SARO, Financial), adjusting it from $37 to $35, while maintaining an Outperform rating on the stock. This adjustment comes as the firm looks ahead to the first quarter earnings season, with no significant changes anticipated in the guidance from Canadian railway companies or the waste sector.
For its analysis of the industrial and transportation sectors, CIBC is placing particular emphasis on tariff impacts across its coverage universe. The firm has noted that freight trends were subdued in the first quarter and will be closely monitoring discussions around pricing and volume expectations for the rest of 2025.