Dahlman Reiterating Buy Rating On Aircastle Limited (AYR)

Dahlman Rose & Co. is reiterating its Buy rating and $12 price target on shares of Aircastle Limited AYR. In a note sent to investors, Dahlman writes, "We are reiterating our Buy rating on the common shares of Aircastle and our $12 price target. Aircastle is well positioned in the global leasing business to participate in worldwide aircraft growth." Dahlman goes on to say, "We believe Aircastle is well-positioned in the aircraft leasing industry. The company has a portfolio of modern, fuel-efficient fleet with a low debt-to-value ratio and strong cash flows. Management looks to grow by adding geographic and aircraft diversity. The company's expertise in cargo aircraft gives it an advantage over some of its peer group." Shares of AYR closed at $10.13 yesterday.