BUZZ-Morgan Stanley raises FTAI Aviation PT on strong multi-year growth outlook

Reuters03-24
BUZZ-<a href="https://laohu8.com/S/MSPQL">Morgan Stanley</a> raises FTAI Aviation PT on strong multi-year growth outlook

** Morgan Stanley raises price target on FTAI Aviation FTAI.O to $293 from $266, reiterates "overweight" rating

** New PT represents a 21.3% upside to stock's last close

** Morgan Stanley says that since the beginning of the US-Iran conflict, investor concerns have focused on potential airline capacity discipline and risk that higher oil prices could prompt carriers to defer maintenance

** Commercial aerospace aftermarket stocks have pulled back on oil-driven concerns, but we view this as a timing issue, not demand destruction - brokerage

** Brokerage says structural tailwinds remain intact supporting a durable, multi-year growth cycle

** Median PT of 11 brokerages covering the stock is $340 - data compiled by LSEG

** As of last close, FTAI up 22.7% YTD

(Reporting by Megavarshini G. Somasundaram in Bengaluru)

((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))

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