BTIG analyst Giuliano Bologna initiated coverage of Fortress Transportation with a Buy rating and $25 price target. The analyst contends that the company's "unique combination of near-term and medium-term catalysts" could meaningfully improve its dividend payout, with added "multiple opportunities" to generate equity upside. Bologna further cites Fortress Transportation's "near-term opportunities" to scale its aviation leasing as well as its expected launch of an Advanced Engine Repair JV expected in mid-2020, providing the stock with additional differentiation and return upside.

Compass Point raised the firm's price target on FTAI Aviation to $88 from $71 and keeps a Buy rating on the shares. FTAI reported adjusted EBITDA above the firm's and consensus estimates, driven by "extremely strong" Aerospace Products results, the analyst tells investors. As the firm views the Aerospace Products segment as the most important driver of value for FTAI near-term, the significant beat during the quarter "should be viewed positively," the analyst added.

Reports Q1 revenue $326.7M, consensus $301.52M.

Deutsche Bank raised the firm's price target on FTAI Aviation to $84 from $65 and keeps a Buy rating on the shares. Most aircraft leasing stocks entered the year with positive momentum on the back of very strong industry fundamentals and the prospect of multiple interest rate cuts this year, the analyst tells investors in a research note. The firm says that while we may end up getting fewer than expected rate cuts or maybe not at all, industry fundamentals for the lessors "couldn't be better." It believes FTAI will continue to benefit as airlines continue to fly their older generation aircraft longer amid delivery delays of new generation aircraft..