UPDATE: Morgan Stanley Downgrades Air Lease Corp (AL) to Equalweight

April 6, 2017 3:22 AM EDT
Get Alerts AL Hot Sheet
Price: $38.79 +0.08%

Rating Summary:
    13 Buy, 5 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 17 | Down: 5 | New: 36
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(Updated - April 6, 2017 8:03 AM EDT)

(updated to add analyst comment)

Morgan Stanley downgrades Air Lease Corp (NYSE: AL) from Overweight to Equalweight with a price target of $42.00 (from $40.00).

Analyst Rajeev Lalwani downgrades comes after a "solid run" and is due to recent run up in stock price. He believes the recent run that benefited from speculation of growth in contracts through the end of the decade, a mix of relatively young in-demand assets and tax reform opportunity makes sense but doubts the company is immune from potential headwinds from these in the future.

For an analyst ratings summary and ratings history on Air Lease Corp click here. For more ratings news on Air Lease Corp click here.

Shares of Air Lease Corp closed at $38.07 yesterday.

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