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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FTAI:
- 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
- FTAI Aviation Enhances Capital Structure and Growth Prospects
- FTAI Aviation Announces Expiration and Results of Cash Tender Offer for Any and All of Its Outstanding 6.50% Senior Notes Due 2025
- FTAI Aviation price target raised to $80 from $62 at Barclays
Questions or Comments about the article? Write to editor@tipranks.com