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FTAI Aviation price target lowered to $130 from $140 at RBC Capital

RBC Capital lowered the firm’s price target on FTAI Aviation (FTAI) to $130 from $140 and keeps an Outperform rating on the shares. The firm cites the company’s Q1 EPS and revenue miss, the analyst tells investors in a research note. RBC adds however that while it can appreciate the potential investor concerns on the quality of the EBITDA beat, lingering uncertainties on SCI, or Strategic Capital Initiative, and continuous cash flow invested into the business, FTAI’s Aerospace Products results were robust, with upside from SCI and PMA still in play.

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