FTAI Aviation price target raised to $84 from $65 at Deutsche Bank

Deutsche Bank raised the firm’s price target on FTAI Aviation to $84 from $65 and keeps a Buy rating on the shares. Most aircraft leasing stocks entered the year with positive momentum on the back of very strong industry fundamentals and the prospect of multiple interest rate cuts this year, the analyst tells investors in a research note. The firm says that while we may end up getting fewer than expected rate cuts or maybe not at all, industry fundamentals for the lessors “couldn’t be better.” It believes FTAI will continue to benefit as airlines continue to fly their older generation aircraft longer amid delivery delays of new generation aircraft..