FTAI Aviation (FTAI) Soars 26.6% on Bullish Rating, Strong Q2

We recently published 10 Stocks With Shocking Surges. FTAI Aviation Ltd. (NASDAQ:FTAI) is one of the best-performing stocks on Wednesday.

FTAI Aviation ended two straight days of losses on Wednesday, jumping 26.56 percent to close at $144.46 apiece as investors took path from an investment firm’s bullish rating and the company’s impressive earnings performance in the second quarter of the year.

In a market note, Stifel raised its price target for FTAI Aviation Ltd. (NASDAQ:FTAI) to $147 from $123 previously, while maintaining a “buy” recommendation following the significant increase in module production and expectations of piece part repairs and Parts Manufacturer Approval to drive higher margins in the second half of the year.

In other developments, FTAI Aviation Ltd. (NASDAQ:FTAI) said it swung to a net income attributable to shareholders of $162 million in the second quarter of the year from a $228 million net loss in the same period a year earlier. Total revenues ended at $676 million, higher by 52 percent than the $443 million year-on-year.

In the first six months, FTAI Aviation Ltd. (NASDAQ:FTAI) also swung to a $251.6 million net income attributable to shareholders from a $197 million net loss in the same period last year.

Total revenues expanded by 53 percent to $1.178 billion from $770 million year-on-year.

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