Citi Upgrades AerCap Holdings NV (AER) to Buy
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Citi upgrades AerCap Holdings NV (NYSE: AER) from Hold to Buy. Price target lowered from $17.60 to $12.70.
Citi analyst says, "We believe the more than halving of the share price since Aug is overdone, hence the upgrade to 1H. The share price implies an unprecedented 30% fall in market values across the board. A P/E of 3.9x recurring EPS ex-disposals is low given its multi-year contracted revenue."
AerCap Holdings N.V. is an integrated global aviation company. The Company is engaged in aircraft and engine leasing, trading and parts sales.
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