AerCap shares jump 7%
AerCap shares jumped 7.1% on Friday, after a day of unusually heavy trading. FBR Capital Markets upgraded AerCap from "Market Perform" to "Outperform". The analysts believe that concerns over the impact of fuel prices on the lessors customers had pushed AerCap stock to an unrealistically low level.
AerCap stock had fallen 20% between 07-Feb-2011 and 04-Apr-2011, before recovering more than 13% over the past five days of trading.
There was minimal stock price movement for other leasing companies. Aircastle shares were up 1.6%, after an unusually high volume of shares traded on Friday.
Selected lessors share price movements (% change): 08-Apr-2011