Stifel upgraded FTAI Aviation to Buy from Hold with a price target of $132, up from $69. If the narrow-body engine market is going to be tight through 2027 and beyond, “this stock is worth buying, even if it is expensive today,” the analyst tells investors in a research note. The firm says that with the aerospace business growing quickly without parts manufacturer approval, FTAI’s growth and margins will accelerate when PMA is approved. On top of that, the Lockheed Montreal facility acquisition “has removed any near-term growth limits,” contends Stifel. As such, it sees “more room to run in the shares.”
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