Stock Story -
What Happened: Shares of aircraft leasing company FTAI Aviation (NASDAQ:FTAI) jumped 6.2% in the morning session after Morgan Stanley (NYSE:MS) analysts upgraded the stock to its "Top Picks" list for the Aerospace segment and raised its price target from $105 to $150. The analysts noted that FTAI's growth prospects are underappreciated by the market. The research team sobserved strong demand for engine maintenance offerings, which FTAI is "well positioned" to benefit from, given its inventory capacity and quick maintenance turnaround time.
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What is the market telling us: FTAI Aviation’s shares are somewhat volatile and over the last year have had 11 moves greater than 5%. In context of that, today’s move is indicating the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The previous big move we wrote about was 21 days ago, when the company gained 9.2% on the news that Stifel analyst upgraded the stock's rating from Hold to Buy and raised the price target from $69 to $132. The new price target implied a potential 16% upside from where shares traded before the upgrade was announced. The analyst added, "the stock is worth buying given industry dynamics, even if considered expensive."
FTAI Aviation is up 147% since the beginning of the year, and at $112.06 per share it is trading close to its 52-week high of $112.63 from July 2024. Investors who bought $1,000 worth of FTAI Aviation’s shares 5 years ago would now be looking at an investment worth $7,577.
