Compass Point raised the firm’s price target on FTAI Aviation to $36 from $31 and keeps a Buy rating on the shares. The firm believes FTAI Aviation is "uniquely positioned" and continues to have significant upside potential as the company stabilizes Aircraft Leasing EBITDA, grows Aerospace Products EBITDA, and moves closer to obtaining approval for PMA parts, the firm tells investors. Further, management has been highlighting upside opportunity for the company’s Aerospace Products business, noting it has the potential to generate about $500M of EBITDA by 2026.
Published first on TheFly
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