Compass Point analyst Giuliano Bologna raised the firm’s price target on FTAI Aviation to $46 from $36 and keeps a Buy rating on the shares. Shares have “performed extremely well,” rising about 115% year-to-date, but the firm says the potential for PMA approval over the next couple of quarters is “a transformative catalyst that could enable a blue sky scenario where FTAI could potentially reach ~$1B of EBITDA in FY26.”
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Read More on FTAI:
- FTAI Aviation price target raised to $40 from $36 at JMP Securities
- FTAI Aviation Ltd. Reports Second Quarter 2023 Results, Declares Dividend of $0.30 per Ordinary Share
- FTAI Aviation reports Q2 diluted EPS 46c, consensus 30c
- FTAI Upcoming Earnings Report: What to Expect?
- FTAI Aviation price target raised to $38 from $32 at Barclays