Cowen Upgrades Aircastle Limited (AYR) to Outperform

Cowen analyst Helane Becker upgraded Aircastle Limited (NYSE: AYR) from Market Perform to Outperform with a price target of $26.00 (from $24.00).

The analyst commented, "Aircastle's ability to grow is a function of its borrowing capacity and ability to acquire quality aircraft in the used market. We are upgrading the shares to Outperform from Market Perform, and are using a price target of $26 / share, or 10.4x 2018 P/E."

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 $21.25 yesterday.

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