Jefferies analyst Sheila Kahyaoglu raised the firm’s price target on FTAI Aviation (FTAI) to $350 from $215 and keeps a Buy rating on the shares. FAI Power’s announcement in December and the CFM materials agreement have driven shares up 60%, warranting a refreshed look at valuation, the analyst tells investors in a research note. The firm added that its new price target reflects incremental Power contribution and greater visibility to the module production ramp.
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