FTAI Aviation price target raised to $350 from $270 at RBC Capital

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.

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