RBC Capital raised the firm’s price target on FTAI Aviation (FTAI) to $350 from $270 and keeps an Outperform rating on the shares. Among the recent FTAI announcements, the recent CFM International partnership is perhaps the most strategically significant, and the firm believes FTAI is now positioned to exceed prior CFM56 expectations in terms of both revenues and margins, the analyst tells investors in a research note. The company should now be viewed as the leading non-OEM player in the CFM56 aftermarker, the firm added.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FTAI:
- FTAI Aviation price target raised to $335 from $230 at BTIG
- FTAI Aviation announces multi-year agreement with CFM International
- FTAI Aviation price target raised to $260 from $200 at Barclays
- FTAI Aviation price target raised to $266 from $220 at Morgan Stanley
- Powering AI Growth: FTAI Aviation’s CFM56 Conversions Drive Underappreciated Upside and Justify Higher Price Target