FTAI Aviation price target raised to $70 from $58 at Morgan Stanley

Morgan Stanley raised the firm’s price target on FTAI Aviation to $70 from $58 and keeps an Overweight rating on the shares. The stock was up about 6% following FTAI’s Q4 earnings report and earnings call on February 23, notes the firm, which attributes the outperformance to the strong performance of Aerospace Products and the introduction of the V2500 Maintain, Repair and Exchange, or MRE, program. Recent developments in module growth and the V2500 MRE program “provide further reasons to get excited about FTAI’s future growth potential,” the analyst tells investors.