Deutsche Bank on FTAI Aviation (FTAI): 'we think Muddy Waters' claims are largely baseless and unsubstantiated'

Deutsche Bank analyst Hillary Cacanando reiterated a Buy rating and $180.00 price target on FTAI Aviation (NASDAQ: FTAI)

The analyst comments "On Wednesday, short-seller Muddy Waters Research published a report alleging that FTAI is manipulating its financials to inflate its Aerospace Products (AP) profitability. Based on our review of its report, we think Muddy Waters' claims are largely baseless and unsubstantiated. Given the vertically integrated business model of FTAI, we acknowledge that the accounting can be more complex than a company operating just one type of business. However, based on our review of MW's claims and FTAI's financials, we don't believe FTAI's accounting is being manipulated. In this report, we go through each claim and provide our view. We also reiterate our Buy rating and $180 per share price target on FTAI."

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 $116.08 yesterday.

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