AerCap price target raised to $161 from $159 at Truist

Truist raised the firm’s price target on AerCap (AER) to $161 from $159 and keeps a Buy rating on the shares after its Q1 earnings beat. The large sale gains executed during the quarter reflect a continued supply/demand imbalance that favors AerCap and also highlights the resiliency of aircraft leasing in the face of shocks to its airline customer base, most recently with elevated oil prices, the analyst tells investors in a research note.