FTAI Aviation Ltd (FTAI) shares surged 9.75% on Wednesday in intraday trading, rebounding from recent losses after analysts voiced strong support for the aircraft leasing company.
The stock's rally comes after BTIG analyst Andre Madrid reiterated a Buy rating and $190 price target for FTAI, expressing confidence in the company's "disruptive aftermarket approach" and ability to drive profitability. Madrid's positive outlook contrasts with the recent allegations from short seller Muddy Waters, which claimed FTAI engaged in misleading accounting practices.
Other analysts have also defended FTAI against Muddy Waters' report. Stifel maintained a Buy rating on the stock, while Morgan Stanley previously came to the company's defense as well. The optimistic analyst views appear to be outweighing investor concerns over the short seller claims for now, driving the stock higher on Wednesday.
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