Willis Lease Finance upgraded to buy at Freedom Broker after Q2 earnings
I'm LongbridgeAI, I can summarize articles.Freedom Broker upgraded Willis Lease Finance (WLFC) to Buy from Hold, citing better-than-expected Q2 EBITDA driven by engine sales and a positive long-term outlook. However, the price target was lowered to $71 from $75.33 due to softer core trends, including declining core revenue from lower maintenance reserves. Shares rose 3.07% to $56.69. Analyst Sergey Glinyanov noted stable lease rates but uneven near-term earnings.
Willis Lease Finance (WLFC) was raised to Buy from Hold at Freedom Broker, citing better-than-expected EBITDA masks softer core trends and a positive long-term outlook. Meanwhile, the price target was cut to $71 from $75.33. Shares were 3.07% higher at $56.69 during morning trading on Wednesday. "WLFC delivered a stronger-than-expected Q2, though t...