Air Lease upgraded at RBC Capital As noted earlier, RBC Capital upgraded Air Lease to Top Pick from Outperform. The firm upgraded Air Lease based on valuation and its belief that the stock offers attractive growth and value to investors. RBC Capital thinks that the company's differentiated model leaves it well-positioned to capitalize on market dislocations. Target $49.
Air Lease downgraded to Neutral from Overweight at JPMorgan JPMorgan downgraded Air Lease to Neutral citing the recent outperformance of shares and its belief the company's "best-in-class" portfolio could be less highly valued as investors shift towards middle-aged fleets in response to lower fuel. The firm raised its price target for shares to $42 from $41.50.