RBC Capital raised the firm’s price target on FTAI Aviation to $120 from $110 and keeps an Outperform rating on the shares. The company’s Q2 earnings were negatively impacted by a $300M charge associated with its management internalization, the analyst tells investors in a research note. The management also significantly raised its 2024 and 2026 guidance, primarily reflecting stronger growth in its burgeoning Aerospace Products segment, RBC added.
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