FTAI Aviation placed on ‘positive catalyst watch’ at Citi

Citi analyst Stephen Trent placed FTAI Aviation (FTAI) on a “90-day positive catalyst watch” and keeps a Buy rating on the shares with a $190 price target While “top-down uncertainties persist,” the issues pose little risk to FTAI resuming its “impressive aerospace products growth,” the analyst tells investors in a research note. The firm says the company’s Q1 results and guidance commentary “should be strong,” while potential new third-party investors joining FTAI’s aircraft leasing partnership could support the company’s operations and signal a vote of confidence on its module and accounting strategies. Any announcements regarding the onboarding of new engine module customers will serve as potential positive catalysts for the shares, contends Citi.