- RBC Capital has increased its price target on Fly Leasing (NYSE:FLY) after the company announced it would sell a number of aircraft for $985M.
- The firm feels the deal will raise the company's ROE, and thinks the stock's valuation is "very attractive." RBC keeps an Outperform rating on shares.
- Previously: Fly Leasing sticks to fleet renewal strategy (Jun. 22 2015)