Deutsche Bank downgrades Air Lease amid $7.4 bln acquisition

Deutsche Bank downgrades U.S.-based Air Lease Corp AL.N stock rating to "hold" from "buy"; trims PT by $1 to $65

Cites Air Lease has announced that a new Dublin-based holding company will acquire it for $65 per share in cash, and deal is expected to close during the first half of 2026

On Tuesday, a group of investors led by Sumitomo Corp 8053.T and SMBC Aviation Capital unveiled plans for a $7.4 billion cash deal, which aims to fold AL into one of the world's largest aircraft lessors

Citigroup and Goldman Sachs are advising SMBC Aviation Capital, while Air Lease is working with J.P. Morgan Securities

Average rating of analysts is "buy"; median PT is $66 - data compiled by LSEG

As of last close, AL is up nearly 33.3% YTD