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Fly News Breaks for November 26, 2019
FTAI
Nov 26, 2019 | 04:57 EDT
Stifel analyst Benjamin Nolan initiated coverage of Fortress Transportation with a Buy rating and $22 price target. Catalysts such as positive infrastructure EBITDA, monetizing upside in aviation assets, aviation advanced repair program, Jefferson pipeline and storage build-out should drive shares higher in the next several quarters, Nolan tells investors in a research note. The analyst believes the market is not representing the company's true opportunity in the share price.
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