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Downgrade Alert for Aircastle (AYR)

By Amy Schwartz

Aircastle (NYSE:AYR) was downgraded from Buy to Hold at Deutsche Bank today. The stock closed yesterday at $20.76 on volume of 488,000 shares, above average daily volume of 273,000.

Potential upside of 17.4% exists for Aircastle, based on a current level of $20.76 and analysts' average consensus price target of $24.37. The stock should find initial resistance at its 200-day moving average (MA) of $20.80 and further resistance at its 50-day MA of $21.53.

Aircastle Ltd. acquires commercial jet aircraft and leases them to passenger and cargo airlines throughout the world.

In the past 52 weeks, shares of Aircastle have traded between a low of $15.06 and a high of $25.52 and closed yesterday at $20.76, which is 38% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.8%.

SmarTrend is tracking the current trend status for Aircastle and will alert subscribers who have AYR in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades aircastle

Ticker(s): AYR