AerSale price target lowered to $8 from $10 at RBC Capital

RBC Capital lowered the firm’s price target on AerSale to $8 from $10 and keeps a Sector Perform rating on the shares. The firm cites the company’s Q2 revenue miss while noting that the timing on sales of its 757 P2F aircraft remains uncertain, also adding that the AerAware product revenues appear to be “shifting further to the right”, the analyst tells investors in a research note.