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Fly News Breaks for February 14, 2019
AYR
Feb 14, 2019 | 07:29 EDT
BofA Merrill Lynch analyst Kristine Liwag downgraded Aircastle to Underperform from Neutral, stating that she is concerned that the push to popular narrowbody aircraft could weigh down upside as Aircastle searches for yield. The analyst, who expects Aircastle to continue to trade below its book value due to operational risks, lowered her price target on the stock to $20 from $23.
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