Compass Point raised the firm’s price target on FTAI Aviation to $88 from $71 and keeps a Buy rating on the shares. FTAI reported adjusted EBITDA above the firm’s and consensus estimates, driven by “extremely strong” Aerospace Products results, the analyst tells investors. As the firm views the Aerospace Products segment as the most important driver of value for FTAI near-term, the significant beat during the quarter “should be viewed positively,” the analyst added.
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