Sky Harbour initiated with a Buy at Alliance Global Partners

Alliance Global Partners initiated coverage of Sky Harbour (SKYH) with a Buy rating and $14.50 price target Sky Harbour is an aviation infrastructure development company and the firm’s Buy rating is driven by the company’s opportunity to grow through development of hangar campuses at attractive yields in a range of 13-15%, access to capital to fund development, “strong operating performance” reflected by rental rate increases and what it views as attractive supply and demand dynamics in the hangar space, the analyst tells investors.