On July 29, FTAI AVIATION LTD declined 5.31% in regular trading, trading at $201.08/share, with turnover of $152 million. The drop comes as RBC Capital Markets cut its price target on the stock to $300 from $350 while maintaining an Outperform rating, and the company is set to report Q2 earnings after market close today.

The target price reduction has triggered profit-taking pressure ahead of the quarterly results. Market consensus expects Q2 EPS of $1.32. Last quarter, the company reported revenue of $831 million, up 65.45% year-over-year, with adjusted EPS of $1.29. Despite recent positive developments including a $1.465 billion gas turbine generator set order through J&F Power Systems and a strategic partnership with AEI for Boeing 737-800 passenger-to-freighter conversions, uncertainty surrounding earnings has intensified selling pressure. The FactSet consensus mean price target stands at $385.60, indicating significant upside from current levels.

Within the Aerospace & Defense sector, Boeing fell 4.68%, Rocket Lab USA declined 4.15%, GE Aerospace dropped 2.49%, RTX Corp lost 0.43%, and Lockheed Martin slipped 0.69%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)