AerSale price target lowered to $10 from $12 at RBC Capital

RBC Capital lowered the firm’s price target on AerSale to $10 from $12 and keeps a Sector Perform rating on the shares after its worse than expected Q4 results. The quarter included $47M of flight equipment sales, with growth in the business outside the soft asset management sales, and the management called out a soft December for flight equipment sales as many opportunities have slid into 2024, the analyst tells investors in a research note. While the company called out constructive AerAware discussions, the timing on initial sales is uncertain, the firm added.