UPDATE: Citi Downgrades FLY Leasing to Neutral

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

According to Citi, FLY Leasing (NYSE: 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.

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!