FTAI Aviation upgraded to Buy from Hold at Stifel

Stifel analyst Frank Galanti upgraded FTAI Aviation (FTAI) to Buy from Hold with an unchanged price target of $123. The company reported a “lower quality” earnings quarter which was buoyed by insurance proceeds, the analyst tells investors in a research note. The firm sees the post-earnings selloff in the shares as unwarranted. As FTAI’s “Strategic Capital Initiative” matures, the company’s cash flows should grow, contends Stifel. As a result, the stock is trading below leasing multiples on 2026 EBITDA, the firm adds. It believes the stock now as more upside than downside.