FTAI Aviation price target raised to $148 from $140 at Morgan Stanley

Morgan Stanley raised the firm’s price target on FTAI Aviation (FTAI) to $148 from $140 and keeps an Overweight rating on the shares. The commercial aftermarket is a beneficiary of a prolonged Boeing (BA) strike and a sustained shift to the right in new aircraft deliveries, says the analyst, who sees the current environment benefitting names like FTAI, Heico (HEI), TransDigm (TDG), and Loar Holdings (LOAR). The firm marked to market valuation multiples for several in the group named. FTAI remains the analyst’s “Top Pick” in Aerospace as growth within Aerospace Products has continued to surprise to the upside in previous quarters, the analyst added.