Citi Starts AerCap Holdings (AER), Air Lease (AL), and Aircastle (AYR) at Neutral, Fly Leasing (FLY) at Sell

December 8, 2017 2:31 AM EST
Get Alerts AER Hot Sheet
Price: $58.44 +0.26%

Rating Summary:
    14 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 17 | Down: 5 | New: 36
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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."

For an analyst ratings summary and ratings history on AerCap Holdings click here. For more ratings news on AerCap Holdings click here.

Shares of AerCap Holdings closed at $52.30 yesterday.



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