Deutsche Bank Starts FLY Leasing Limited (FLY) at Buy

February 7, 2013 6:59 AM EST Send to a Friend
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Price: $12.32 +2.58%

Rating Summary:
    6 Buy, 2 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 24 | Down: 14 | New: 40
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Deutsche Bank initiates coverage on FLY Leasing Limited (NYSE: FLY) with a Buy. PT $17.00.

The firm comments, "We are initiating coverage on FLY Leasing Limited (FLY) with a Buy rating and a 12-month price target of $17 per ADS. We think FLY is a deep-value investment opportunity for investors seeking healthy earnings and stable cash flows supporting a relatively high dividend yield (+6.9%). We view the company as a high-quality lessor, well-positioned to deliver solid returns and generate value for shareholders over the long term. Moreover, FLY belongs to an industry that we find is still very much in its infancy globally, and has strong prospects for sustainable long-term growth."

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

Shares of FLY Leasing Limited closed at $12.69 yesterday.


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