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Upgrade Alert for AerCap Holdings (AER)

By Amy Schwartz

AerCap Holdings (NYSE:AER) was upgraded from Market Perform to Outperform at FBR Capital today. The stock closed yesterday at $43.46 on volume of 3.0 million shares, above average daily volume of 2.3 million.

Over the past year, AerCap Holdings has traded in a range of $24.61 to $51.50 and closed yesterday at $43.46, 77% above that low. The 200-day and 50-day moving averages have moved 0.37% lower and 1.42% higher over the past week, respectively.

Potential upside of 33.5% exists for AerCap Holdings, based on a current level of $43.46 and analysts' average consensus price target of $58.00. The stock should find initial support at its 200-day moving average (MA) of $39.76 and further support at its 50-day MA of $38.53.

AerCap Holdings NV is an integrated global aviation company. The Company offers aircraft and engine leasing, trading and parts sales as as well as aircraft management services aircraft and engine maintenance, repair and overhaul, or MRO, services and aircraft disassemblies through certified repair stations.

SmarTrend recommended that subscribers consider buying shares of AerCap Holdings on October 19th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $40.79. Since that recommendation, shares of AerCap Holdings have risen 3.8%. We continue to monitor AER for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades aercap holdings

Ticker(s): AER