FTAI Aviation price target raised to $32 from $26 at Barclays

Barclays analyst Brandon Oglenski raised the firm’s price target on FTAI Aviation to $32 from $26 and keeps an Overweight rating on the shares. The analyst says transportation earnings will likely be soft as freight demand generally contracted in Q1. However, with valuations mostly below a market multiple, many stocks already reflect a weak environment and destocking suggests fundamentals should improve later this year, the analyst tells investors in a research note.