BofA analyst Ronald Epstein raised the firm’s price target on AerCap (AER) to $150 from $130 and keeps a Buy rating on the shares. While OEM production has improved, the firm does not think it spells the end of the “Golden Age” for aircraft lessors, adding that persistent supply constraints for both engines and aircraft make the company’s high-quality portfolio and expertise in moving assets quickly and efficiently “extremely valuable.”
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Read More on AER:
- Strategic Positioning and Capital Deployment Propel AerCap Holdings to ‘Buy’ Rating
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