JMP Securities analyst Brian McKenna has reiterated their bullish stance on FTAI stock, giving a Buy rating today.
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Brian McKenna has given his Buy rating due to a combination of factors that demonstrate a positive outlook for FTAI Aviation. Firstly, the recent resolution of an independent review into allegations by short sellers has been well-received by the market, leading to a notable increase in share price. This review concluded that the allegations were without merit, providing a clearer outlook for the company and reassuring investors.
Furthermore, FTAI Aviation is positioned well within its industry, with no signs of slowing momentum, and continues to advance several growth initiatives. The company benefits from favorable industry conditions, and there is significant potential for growth as it heads into 2025. With a robust outlook for the coming years, McKenna maintains a positive long-term view on the stock, seeing potential for further valuation increases and reiterating a Market Outperform rating with a price target of $190.
In another report released today, Barclays also maintained a Buy rating on the stock with a $180.00 price target.