FTAI Aviation price target raised to $160 from $125 at Deutsche Bank

Deutsche Bank raised the firm’s price target on FTAI Aviation (FTAI) to $160 from $125 and keeps a Buy rating on the shares. During the September quarter, aircraft delivery delays continued, driven by supply constraints and engine issues, further exacerbated by the ongoing labor strike at Boeing, the analyst tells investors in a research note. The firm says these issues continued to support the favorable lease rate environment and strong residual values of aircraft. As such, FTAI, which specializes in leasing and maintenance of CFM56 and V2500 engines, “continued to be a standout” in the quarter, contends Deutsche Bank. The firm continues to be constructive on the aircraft lessors.