JMP Securities raised the firm’s price target on FTAI Aviation to $85 from $66 and keeps an Outperform rating on the shares. FTAI reported another strong quarter of results and management now expects to come in at high end of the range for 2024, the analyst tells investors in a research note. The company’s updated expectations for Aerospace Products are likely conservative, the firm says, adding that FTAI is pushing forward on becoming the leader in the aftermarket industry.
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Read More on FTAI:
- FTAI Aviation price target raised to $88 from $71 at Compass Point
- FTAI Aviation report Q1 EPS 31c, consensus 38c
- Fortress Transportation options imply 4.2% move in share price post-earnings
- FTAI Aviation Ltd. and LATAM Airlines Group S.A. Engineer Perpetual Power Program
- FTAI Aviation price target raised to $84 from $65 at Deutsche Bank
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