Deutsche Bank Starts Aircastle Limited (AYR) at Buy

December 13, 2012 7:05 AM EST
Get Alerts AYR Hot Sheet
Price: $21.67 +0.93%

Rating Summary:
    6 Buy, 8 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 29 | Down: 29 | New: 23
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Deutsche Bank initiates coverage on Aircastle Limited (NYSE: AYR) with a Buy. PT $17.00.

The firm comments, "We are initiating coverage on Aircastle Limited with a Buy rating. Our positive thesis is supported by our views that (1) AYR has the key qualities we think define a successful aircraft lessor; (2) the company has a portfolio well-positioned to benefit from an upturn in the global economy and aircraft values; (3) AYR is tied to an industry that is still very much in its infancy globally, with strong prospects for long-term growth; and (4) AYR has an attractive valuation, supported by a relatively high dividend (yielding 5.5%) and share buybacks."

For an analyst ratings summary and ratings history on Aircastle Limited click here. For more ratings news on Aircastle Limited click here.

Shares of Aircastle Limited closed at $12.11 yesterday.

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