BMO Capital analyst James Fotheringham initiated coverage of Air Lease (AL) with an Outperform rating and $54 price target. Among the firm’s coverage of banks and specialty finance stocks, Air Lease is the firm’s second best Outperform recommendation after AerCap (AER), the analyst tells investors. As a top-three market leader among aircraft lessors, Air Lease is “taking full advantage of strong trends within its industry,” the analyst added.
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