BTIG raised the firm’s price target on FTAI Aviation (FTAI) to $335 from $230 and keeps a Buy rating on the shares. The company’s multi-year agreement with CFM International to support CFM56 engines validates FTAI’s approach and suggests CFM is adapting to market realities rather than competing head-to-head, the analyst tells investors in a research note. FTAI now has partnerships with both major narrowbody engine OEMs: CFM International for CFM56 engines and Pratt & Whitney (RTX) for V2500 engines, the firm added.
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