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Fly News Breaks for April 14, 2016
FLY, AER, AYR
Apr 14, 2016 | 07:13 EDT
Wells Fargo analyst Gary Liebowitz downgraded Aircastle (AYR) to Market Perform saying he sees better relative value in peers AerCap (AER) and Fly Leasing (FLY) following the stock's outperformance year-to-date. The analyst also thinks Aircastle is likely to see revenue pressure from 2017 widebody expirations. Liebowitz raised his price target range for Aircastle shares to $23-$24 from $19-$20.
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