TD Cowen raised the firm’s price target on AerCap to $105 from $100 and keeps a Buy rating on the shares. The firm attended its Analyst Day and believes management did an excellent job detailing the platform’s structural advantages and secular tailwinds. The lessor initiated a common stock dividend of 0.25/share, announced a new $500M share repurchase program, and a $3B deal for 150 new CFM LEAP engines.
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Read More on AER:
- AerCap Confirms Engine Order and Shareholder Rewards
- AerCap announces $3B order, $500M share repurchase plan and quarterly dividend
- AerCap price target raised to $100 from $95 at TD Cowen
- AerCap price target raised to $100 from $90 at Susquehanna
- AerCap price target raised to $94 from $93 at Barclays
