FTAI Aviation initiated with an Overweight at Morgan Stanley

Morgan Stanley analyst Kristine Liwag initiated coverage of FTAI Aviation with an Overweight rating and $58 price target. The analyst says FTAI is a unique aviation leasing and maintenance, repair, and overhaul asset with positive optionality on the Parts Manufacturer Approval. The company is targeting the CFM-56, which is arguably the most attractive part of aerospace today, the analyst tells investors in a research note.