Air T Advances in Regional Express Acquisition
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Air T, Inc. announced progress in acquiring Regional Express Holdings Limited, with creditor approval received. The transaction is expected to complete by the end of 2025, pending necessary approvals. Current analyst rating for AIRT stock is a Hold with a $22.00 price target. Spark's AI Analyst rates AIRT as Neutral, citing negative profitability and high leverage as concerns. Air T operates in the aviation sector, focusing on air transportation and related services, with a market cap of $57.73M.
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