After Muddy Waters Research released a short report today alleging that FTAI Aviation (FTAI) has been deceptive about its accounting practices, Citi analyst Stephen Trent notes that this has led to “a knee-jerk share price response” in shares on Wednesday afternoon. However, looking through Muddy Waters’ report, “some of the key arguments seem a little hard to understand,” says the analyst, who has a Buy rating on FTAI, which is down about 27% to $112.31 in late day trading.
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Read More on FTAI:
- Muddy Waters announces FTAI Aviation short position
- FTAI Aviation drops 6% to $144.25 after Muddy Waters short report
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- FTAI extends selloff, shares down 8% to $140.98 after short report
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