Alliance Aviation Still Offers Compelling Value -- Market Talk

Dow Jones03-27

2228 GMT - Alliance Aviation continues to offer compelling value to Wilsons analysts after strong demand prompted the aircraft leasing company to add additional planes to its operating fleet. The analysts tell clients in a note that the addition of the craft will not change the capital commitment associated with Alliance's E190 purchases, but does offers potential for modest earnings upgrades in future years. Earnings associated with the craft should modestly reduce its peak debt-leverage ratio, they add. Wilsons keeps an overweight recommendation and A$4.35 target price on the stock, which is at A$2.90 ahead of the open. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

March 26, 2024 18:28 ET (22:28 GMT)

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