Market Overview

UPDATE: Credit Suisse Assumes Coverage on Air Lease Corporation with Outperform Rating, $30 PT

Related AL
Morgan Stanley Notes Air Lease Corp. Share Pullback Offers 'Interesting Entry Point'
Air Lease Corp In Focus: Stock Falls 8.2% - Tale Of The Tape

In a report published Friday, Credit Suisse Group assumed coverage on Air Lease Corporation (NYSE: AL) with an Outperform rating and $30.00 price target.

Credit Suisse noted, “We expect AL to trade higher at the open today following a strong earnings beat relative to consensus. AL has solidified itself as a first class operator continuing to execute its growth, regional diversification and funding strategy. We expect ALs new fleet and long lease durations (average 7 years) should keep its lease rates and earnings sticky going forward. And the 70 aircraft that are already placed on lease through 2014 should drive significant Y-Y growth (~30% annually over the next two years).”

Air Lease Corporation closed on Thursday at $21.36.

Posted-In: Credit Suisse GroupAnalyst Color Initiation Analyst Ratings


Most Popular

Related Articles (AL)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free