Benchmark Reiterates Buy Rating on FTAI Aviation (FTAI) After Investor Meetings with CEO

Benchmark analyst Josh Sullivan reiterated a Buy rating and $300.00 price target on FTAI Aviation (NASDAQ: FTAI).

The analyst said: "We recently held investor meetings with FTAI’s CEO Joe Adams highlighting the new >$3B Strategic Capital Initiative (SCI). We believe the SCI will be more transformative than the market appreciates given: 1) SCI drives engine overhaul market share which is the fundamental factor in our $300 PT 2) SCI makes FTAI more of a high margin parts business by removing much of the legacy leasing capital burden while simultaneously turbo charging hardware throughput 3) Annual SCI tranches of >$3B are cumulative {adding >$200M EBITDA per year} 4) SCI takes advantage of a natural cycle with lessors looking to divest ~$30B of assets all in FTAI’s maintenance sweet spot 5) SCI will disrupt the fragmented 2 nd/3rd tier lessor market 6) SCI drives utilization/margins of Montreal facility. And, finally, no PMA is currently assumed in any SCI economics.

Market share drives our $300 PT assumption."

For an analyst ratings summary and ratings history on FTAI Aviation click here. For more ratings news on FTAI Aviation click here.

Shares of FTAI Aviation closed at $159.91 yesterday.

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