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Fly News Breaks for May 7, 2018
FLY
May 7, 2018 | 07:30 EDT
RBC Capital analyst Jason Arnold raised his price target on Fly Leasing to $30 and kept his Outperform rating after "solid" Q1 earnings and "outstanding" FY18 outlook. The analyst notes that the company's AirAsia deal offers a "clear flight path" to ongoing strong performance, while the stock trades at a "deep" discount of 0.7-times Q1 book value.
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