Barclays analyst Brandon Oglenski lowered the firm’s price target on FTAI Aviation (FTAI) to $150 from $180 and keeps an Overweight rating on the shares post the Q1 report. The company’s headline earnings beat was supported by insurance gains, but its underlying Aerospace Products growth is exceeding expectations, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FTAI:
- FTAI Aviation reports Q1 EPS 87c, consensus 88c
- Fortress Transportation options imply 7.2% move in share price post-earnings
- FTAI Aviation Ltd. (FTAI) Q1 Earnings Cheat Sheet
- RGTI, IONQ, FTAI: 3 Russell 2000 Index Stocks with Massive Upside Potential, According to Analysts
- FTAI Aviation price target lowered to $140 from $160 at RBC Capital