AerCap price target raised to $150 from $120 at Morgan Stanley

Morgan Stanley raised the firm’s price target on AerCap (AER) to $150 from $120 and keeps an Equal Weight rating on the shares. The firm, which says its Equal Weight rating balances a strong financial position with the current valuation, sees capital deployment having the potential to be a significant driver of value from here. The firm is anticipating a continued strong leasing environment, sustained higher aircraft asset values, and “robust” capital deployment opportunities, the analyst tells investors.