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.
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Published first on TheFly
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