UPDATE: Dahlman Rose Maintains Buy, $30 PT on Air Lease Corp Post Aircraft Deliverie

Dahlman Rose reiterated its Buy rating and $30 price target on Air Lease Corp AL on Friday. Dahlman Rose noted, "We believe Air Lease ended the quarter with ~135 aircraft in the company's portfolio, up from 114 at the end of 1Q12. The increase in aircraft deliveries is due in part to airline industry seasonality. Airlines want their fleets to be up-to-date during the summer months and therefore prefer receiving aircraft in April and May, while June, July and August are light on deliveries. Air Lease's fleet remains weighted toward narrow body aircraft." Air Lease Corp closed at $10.50 on Thursday.