UPDATE: Dahlman Rose Initiates Coverage on Air Lease at Buy

According to Dahlman Rose, Air Lease (NYSE: AL) coverage is initiated at Buy.

Dahlman Rose said that it is initiating coverage on Air Lease Corp with a Buy rating and $30 price target. “We expect rapid fleet expansion in 2012 and 2013, pushing revenues and earnings higher. Air Lease's growth is focused on emerging markets, and the company's management has a history of success in these regions.”

Sonus Networks closed yesterday at $25.47.