BTIG analyst Mark Palmer believes CIT Group is a "more feasible takeout target" following the sale of its aircraft leasing unit. With today's sale closing, CIT is now set to use the proceeds to fund approximately $3B in capital return and approximately $5.8B in redemptions of senior unsecured debt, Palmer tells investors in a research note. CIT management's stated intention to retain the company's "struggling" rail car leasing unit may reduce the field of potential bidders, however, the analyst adds. He reiterates a Buy rating on CIT with a $45 price target.