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UPDATE: Morgan Stanley Reiterates On Air Lease Following 1Q14 EPS Beat

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In a report published Friday, Morgan Stanley analyst John D. Godyn reiterated an Overweight rating on Air Lease Corp. (NYSE: AL), but removed the $38.00 price target.

In the report, Morgan Stanley noted, “AL reported 1Q14 EPS of $0.57, a beat vs. our estimate of $0.52 and consensus of $0.50. Though the beat was largely due to AC sales, mgmt commentary regarding demand for leased aircraft was notably bullish, best illustrated by the disclosure that AL is receiving indications of interest for forward lease arrangements in the 2017-2019 time period – further out than normal. Most importantly, 1Q14 EPS showcased 3 sources of material future EPS upside not in consensus.”

Air Lease closed on Thursday at $37.22.

Latest Ratings for AL

DateFirmActionFromTo
Jan 2021Deutsche BankMaintainsBuy
Nov 2020Credit SuisseMaintainsOutperform
May 2020Deutsche BankMaintainsBuy

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View the Latest Analyst Ratings

 

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