Imperial Capital Sees Air Transport Services Group, Inc. as Attractive Investment Opportunity

In a report published Wednesday, Imperial Capital analyst Bob McAdoo reiterated an Outperform rating and $11.00 price target on

. In the report, Imperial Capital noted, "We are maintaining our Outperform rating and one-year price target of $11 on ATSG shares. We view shares of ATSG as an attractive investment given the stability and visibility of earnings following a long-term contract extension with DHL, the company's single largest customer. With long-term earnings visibility in place, the company intends to utilize a previously authorized share repurchase program beginning in 2Q15. We expect shares of ATSG to respond favorably as the company begins returning capital to shareholders. In addition, management commentary suggests improving industry trends which could drive earnings growth in coming years. Our $11 price target represents approximately potential upside of approximately 25% from recent trading levels." Air Transport Services Group, Inc. closed on Tuesday at $8.83.