FTAI Aviation price target raised to $100 from $45 at Benchmark

Benchmark raised the firm’s price target on FTAI Aviation to $100 from $45 and keeps a Buy rating on the shares. Systemic aerospace OEM manufacturing and capacity issues have structurally altered the market value of FTAI’s aircraft and engine leasing portfolio higher, argues the analyst, who sees a path for FTAI’s ecosystem ex-PMAs to reach $100 per share. When PMA approvals arrive, the firm sees a path to greater than $130 per share as PMAs add about 1,000 basis points to margins, drive sale lease-backs, and add organic growth, the analyst tells investors.