UPDATE: Citi Downgrades FLY Leasing to Neutral

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According to Citi, FLY Leasing
FLY
is downgraded to Neutral. Citi said that it has re-run its portfolio market valuations. “We estimate a current market value of net assets of $12.77/share, rising to just $13.50 a year from now ($170m acquisitions). We assume 4% normal annual economic depreciation for most aircraft types but increase this to 10-15% for less popular/older aircraft.” FLY Leasing closed yesterday at $12.94.
Posted In: Analyst ColorDowngradesAnalyst Ratings
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