FTAI Aviation price target raised to $95 from $85 at RBC Capital

RBC Capital raised the firm’s price target on FTAI Aviation to $95 from $85 and keeps an Outperform rating on the shares. The company’s five-year agreement with IAE AG for maintenance services for V2500 engines is a positive development as it further de-risks the V2500 opportunity and establishes FTAI as a leader in the V2500 ecosystem, the analyst tells investors in a research note. RBC maintains its view that the aftermarket fundamentals are favorable and sees continued upside in the Aerospace Products segment EBITDA as “important for continued multiple expansion”.