Citi opens ‘positive catalyst watch’ on FTAI Aviation

Citi opened a “90-day positive catalyst watch” on shares of FTAI Aviation (FTAI) while keeping a Buy rating on the name with a $160 price target The firm expects the company to announce over the next three months a final parts manufacturer approval and approval for the CFM56 engine. It believes the approval could boost FTAI’s engine module volumes, aerospace EBITDA and increase free cash flow.