Brokerages lift FTAI Aviation PT on maintenance deal with International Aero Engines

FTAI Aviation

07/06/2024 13:50

** Deutsche Bank lifts aviation leasing company FTAI
Aviation's  FTAI.O  PT to $100 from $90, representing about 21%
upside to stock's last close
    ** Brokerage RBC also raises PT to $95 from $90, nearly 15%
upside
    ** FTAI announced a 5-year agreement with International Aero
Engines (IAE) to provide maintenance services for IAE's V2500
engines, including over 100 performance restoration shop visits
    ** "We believe the primary benefit of the agreement is the
better visibility on the V2500 supply chain and improved
investor confidence on the potential V2500 opportunity for
FTAI." - RBC
    ** Four brokerages rate the stock "strong buy", six "buy"
and one "hold"; their median PT is $90.00 - LSEG data
    ** Stock had risen 78% YTD

 (Reporting by Aatreyee Dasgupta)
 ((Aatreyee.Dasgupta@thomsonreuters.com))