Morgan Stanley raises FTAI Aviation PT on strong multi-year growth outlook

Morgan Stanley raises price target on FTAI Aviation FTAI.O to $293 from $266, reiterates "overweight" rating

New PT represents a 21.3% upside to stock's last close

Morgan Stanley says that since the beginning of the US-Iran conflict, investor concerns have focused on potential airline capacity discipline and risk that higher oil prices could prompt carriers to defer maintenance

Commercial aerospace aftermarket stocks have pulled back on oil-driven concerns, but we view this as a timing issue, not demand destruction - brokerage

Brokerage says structural tailwinds remain intact supporting a durable, multi-year growth cycle

Median PT of 11 brokerages covering the stock is $340 - data compiled by LSEG

As of last close, FTAI up 22.7% YTD