Citi Starts AerCap Holdings (AER), Air Lease (AL), and Aircastle (AYR) at Neutral, Fly Leasing (FLY) at Sell
- Dow, S&P 500 end with gains up after bumpy week, but Nike drags
- Over $100 Billion Wiped Off: Bitcoin (BTC) Price Falls As China's Central Bank Vows to Ban Cryptocurrency Trading
- Nike (NKE) Stock Falls On a Revenue Miss and Slashed FY Sales Outlook, Analysts Bullish Despite NT Supply Chain Challenges
- Oil hits highest in almost 3 years as supply tightens
- Here's Why Meredith (MDP) Stock Price Soared 18% in After Hours
News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.
Citi initiates coverage on AerCap Holdings (NYSE: AER) with a Neutral rating and a price target of $57.00.
Analyst Kevin Crissey comes out on the name noting he would be a buyer but not at the current level as risks are increases. The analyst feels the supply story for aircraft lessors is not very compelling.
Crissey also launched coverage on:
- Air Lease (NYSE: AL) at Neutral with a $46.00 price target.
- Aircastle Limited (NYSE: AYR) at Neutral with a $25.00 price target.
- Fly Leasing (NYSE: FLY) at Sell with a $13.50 price target.
The analyst is most concerned with FLY among the group noting the debt burden potential to magnify risks in a downturn and the company risks given the management structure. Crissey comments "We cannot justify why investors should put money to work in FLY given its management structure that contributes to regular conflicts of interest between corporate management and FLY shareholders."
Shares of AerCap Holdings closed at $52.30 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Singapore Telecommunications Ltd. (ST:SP) (SGAPY) PT Raised to SGD4.10 at New Street Research
- Man Wah Holdings Limited (1999:HK) (MAWHF) PT Lowered to HK$16 at Goldman Sachs
- ABC-Mart, Inc (2670:JP) (AMKYF) PT Raised to JPY6,600 at JPMorgan
Create E-mail Alert Related CategoriesAnalyst Comments, New Coverage
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!