Why I'm Trimming My AerSale Stock Price Target By More Than 30% [Seeking Alpha]
AerSale Corporation (ASLE)
Company Research
Source: Seeking Alpha
Summary AerSale saw improvement in Q2 with revenue and profit growth, driven by asset management solutions and the TechOps segment. Margins contracted due to lower heavy MRO services demand, impacting overall gross profit. AerAware progress remains disappointing, with no clear timeline for product roll out, leading to a reduced price target to $6.70. Jetlinerimages/iStock via Getty Images In April, I maintained my strong buy rating on AerSale stock ( NASDAQ: ASLE ) despite the lack of tangible progress on its AerAware rollout to customers. AerSale is a business that has lumpy elements such as asset sales, and the only reason Recommended For You
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ASLE
News
- Top US Growth Stocks With High Insider Ownership For September 2024 [Yahoo! Finance]Yahoo! Finance
- Moog (NYSE:MOG.A) Q1 Earnings: Leading The Aerospace Pack [Yahoo! Finance]Yahoo! Finance
- Aerospace Q1 Earnings: Moog (NYSE:MOG.A) Simply the Best [Yahoo! Finance]Yahoo! Finance
- AerSale Announces Participation at the Jefferies Industrials ConferenceBusiness Wire
- Reflecting On Aerospace and Defense Stocks' Q2 Earnings: Byrna (NASDAQ:BYRN) [Yahoo! Finance]Yahoo! Finance
ASLE
Earnings
- 8/7/24 - Miss
ASLE
Sec Filings
- 9/25/24 - Form 4/A
- 9/18/24 - Form 4
- 9/17/24 - Form 4
- ASLE's page on the SEC website