Barclays raised the firm’s price target on FTAI Aviation to $110 from $80 and keeps an Overweight rating on the shares. The firm says a buyout of Fortress Investment Group and purchase of a Canadian MRO facility from Lockheed could prove accretive for FTAI shareholders. In addition, the maintenance agreement with Pratt & Whitney on the V2500 engine family “appears promising, supporting an improved long-term earnings outlook,” the analyst tells investors in a research note.
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