FTAI Aviation price target raised to $40 from $28.18 at Citi

Citi analyst Christian Wetherbee raised the firm’s price target on FTAI Aviation to $40 from $28.18 and keeps a Buy rating on the shares. The company is now a pure-play within aviation with two primary segments: Aviation Leasing and Aerospace Products, the analyst tells investors in a research note. The firm continues to be believers in FTAI’s medium-to-long term growth story, citing strength within the engines leasing space, a growing backlog within aviation products and pent up demand for aircraft.