AerCap price target raised to $170 from $165 at Susquehanna

Susquehanna analyst Christopher Stathoulopoulos raised the firm’s price target on AerCap (AER) to $170 from $165 and keeps a Positive rating on the shares. The firm said while a higher for longer fuel scenario will likely put meaningful pressure on margins for commercial carriers, the company’s unique approach to managing portfolio risk, supply side limits for select aircraft and potential opportunities within the SLB market gives confidence around out-year lease revenue, with near-term volatility in the secondary market likely to continue supporting solid GOS.