Barclays on U.S. Airlines: Review of Aircastle (AYR) and Air Lease (AL) - Outlook Reinforces Earnings Growth

Barclays on U.S. Airlines: Review of Aircastle (NYSE: AYR) and Air Lease (NYSE: AL)

Analyst, David E. Fintzen, said, "While issues such as softness in lease rates for some aircraft types as well as challenging financing markets have been advertised before by other leasing companies, we continue to see earnings growth potential at AYR and AL in 2012 and beyond."

Fintzen raised FY12 EPS estimate on AYR from $1.40 to $1.50 and establishes FY13 at $1.80. FY12 EPS estimate unchanged at AL, establishes 2013 EPS at $1.80.

Price targets are both raised $1...to $29 for AL, to $17 for AYR. Fintzen continues to prefer AYR shares, citing relative valuation.

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