Dahlman Rose Reiterates Buy Rating on Fly Leasing Limited (FLY)

Dahlman Rose is out with a research report this morning, where it reiterates its Buy rating on Fly Leasing Limited FLY; it has a $16.50 price target on the stock. The DR analysts cited the company's recent announcement that it has purchased 1.0 million shares in a private transaction. The analysts noted that with FLY's relative lack of earnings growth in 2011, they believe the company is an ideal takeout candidate. With 60 aircraft in its fleet, FLY is the smallest among the publicly traded aircraft lessors.