FTAI Aviation upgraded to Outperform from Peer Perform at Wolfe Research

Wolfe Research analyst Myles Walton last night upgraded FTAI Aviation (FTAI) to Outperform from Peer Perform with a $190 price target FTAI continues to “adroitly pivot and find new growth avenues” with the deal last week another example that addressed a couple of Wolfe’s concerns, namely demand capture and capital intensity, the analyst tells investors in a research note. The firm sees the deal fueling another leg of EBITDA revisions. The deal to form a partnership with outside private credit investors to acquire planes addresses the two issues and “importantly will be another source for positive estimate revisions,” contends Wolfe.