JMP Securities raised the firm’s price target on FTAI Aviation to $132 from $90 and keeps an Outperform rating on the shares. FTAI Aviation delivered another “impressive” quarter, as management makes significant progress on becoming the leader in the aftermarket industry, the analyst tells investors in a research note. Management increased guidance for 2024 and the company also meaningfully increased its longer-term expectation for the business in 2026, the firm says. JMP still sees healthy upside in shares from here.
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