Goldman Sachs analyst Catherine O’Brien resumed coverage of Air Lease (AL) with a Buy rating and $65 price target Over the last two years, the company has seen net spread compression driven by the delivery of pandemic-era leases and higher interest rates, the analyst tells investors in a research note. Going forward, the firm expects Air Lease’s net spread to expand in 2025 and beyond as the company takes delivery of its orderbook of in demand aircraft with better lease terms, bolstered by the strong industry backdrop.
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Read More on AL:
- Air Lease Reports Strong Q3 2024 Financial Results
- Air Lease price target lowered to $54 from $56 at TD Cowen
- Air Lease Corporation Reports Q3 2024 Earnings
- Air Lease reports Q3 adjusted EPS $1.25, consensus 79c
- AL Upcoming Earnings Report: What to Expect?
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
