Monty Rakusen
- FTAI Aviation (NASDAQ:FTAI) on Monday was maintained at a Buy rating at financial services firm BTIG as research coverage switches from one analyst to another.
- “FTAI’s (FTAI) extensive maintenance, repair and operations (MRO) network and engine fleet put the company in a prime position to benefit from an increasingly aging global fleet,” Andre Madrid, analyst at BTIG, said in an August 26 report. “We expect FTAI Aviation (FTAI) to continue benefiting from robust leasing demand and CFM56 and V2500 MRO volumes as OEM production woes persist.”
- BTIG raised its price target on FTAI to $140 a share from $80 a share previously, based on a sum-of-the-parts analysis of enterprise value compared with earnings before interest, taxes, depreciation and amortization.
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