AerSale price target lowered to $11 from $13 at Stifel

Stifel lowered the firm’s price target on AerSale to $11 from $13 and keeps a Buy rating on the shares. AerSale reported adjusted EBITDA of $3.2M, lower than the firm’s $9.5M forecast and consensus $10.3M estimates as flight equipment sales were lower-than-expected, but comments on the second half were “encouraging,” with some building momentum in MRO and inventory monetization, the analyst tells investors.