These 10 Companies Led Gains on Wednesday

2. FTAI Aviation Ltd. (NASDAQ:FTAI)

Shares of FTAI Aviation Ltd. (FTAI) surged by 9.79 percent on Wednesday, ending the day at $91.99 apiece after earning a rating upgrade from a financial services company.

On Wednesday, investment firm BTIG maintained its buy rating for the company and a $190 price target following a strong revenue performance over the last 12 months.

Earlier this week, FTAI Aviation (FTAI) was hit by an investigation notice from a shareholder law firm after a research report from Muddy Waters said that the company has been recording one-time engine sales as Maintenance Repair & Overhaul (MRO) revenue in its Aerospace Products segment.

Muddy Waters earlier said that this enabled the company to present a misleading narrative on its financial performance, benefitting insider sellers.