BTIG maintained its Buy rating and $190.00 price target for FTAI Aviation (NASDAQ: FTAI), which has demonstrated strong revenue growth of 36.77% over the last twelve months, despite recent challenges the company faced.

FTAI said it strongly disagrees with the report's claims, but will likely need time to review them thoroughly as it prepares audited financial statements for fiscal 2024. As a result, the filing of the annual report may be delayed, the company said. FTAI shares dropped 20% to $89.91 in premarket trading.

FTAI Aviation Ltd (FTAI) stock saw a decline, ending the day at $112.38 which represents a decrease of $-7.62 or -6.35% from the prior close of $120. The stock opened at $123.18 and touched a low of $110.

Shares of FTAI Aviation plummeted more than 30% on Tuesday after the U.S. aircraft lessor announced that its audit committee would investigate claims of financial irregularities made by short-seller Muddy Waters Research.