Analyst Josh Sullivan of Benchmark Co. maintained a Buy rating on FTAI Aviation (FTAI – Research Report), retaining the price target of $300.00.
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Josh Sullivan has given his Buy rating due to a combination of factors that highlight FTAI Aviation’s strong position and future potential. The company has been subject to accusations of improper accounting and undervaluing its Engine Module Swaps; however, these claims are deemed unfounded. FTAI’s CEO, Joe Adams, has effectively addressed these concerns by explaining the company’s depreciation methods, which are backed by third-party testing, and the significant impact of the Engine Swaps on the aerospace industry.
Furthermore, the Strategic Capital Initiative (SCI), which is expected to contribute over $200 million in EBITDA annually for the next five years, was notably omitted in short reports, signaling its importance and potential to boost FTAI’s financial performance. Sullivan also anticipates several catalysts that could benefit FTAI in the near term, including the conclusion of an internal audit, upcoming financial results, and potential announcements, all of which could enhance FTAI’s market perception and reveal its free cash flow potential by FY25.
In another report released on January 27, Morgan Stanley also reiterated a Buy rating on the stock with a $168.00 price target.