AerCap price target lowered to $70 from $75 at Susquehanna

Susquehanna analyst Christopher Stathoulopoulos lowered the firm’s price target on AerCap to $70 from $75 and keeps a Positive rating on the shares. The analyst said with global demand for air travel handily outpacing supply, we see a constructive fundamental backdrop for the company, with multi-year lease terms helping to offset potential cyclical risk into 2H23.