Air Lease price target raised to $55 from $48 at Barclays

Barclays analyst Terry Ma raised the firm’s price target on Air Lease to $55 from $48 and keeps an Overweight rating on the shares. The air lessor stocks have rallied year-to-date but there’s more upside, the analyst tells investors in a research note. The firm believes Air Lease can re-rate as the company is added to the index.