Air Lease Corporation (NYSE: AL) stock is soaring 5.78% in pre-market trading on Tuesday, building on the positive momentum following its better-than-expected first-quarter results. The aircraft leasing company's shares had already seen a 1.5% increase in early pre-market trading after reporting a profit beat for Q1.
The substantial jump in Air Lease's stock price can be attributed to investors' enthusiasm over the company's strong financial performance. The Q1 results have exceeded market expectations, demonstrating the company's resilience and operational efficiency in the current economic environment.
Adding to the bullish sentiment, TD analyst Moshe Orenbuch recently reiterated a Buy rating on Air Lease. The analyst's positive outlook is based on the company's robust financial performance and strategic positioning within the aviation industry. This vote of confidence from Wall Street further fuels investor optimism, contributing to the stock's significant pre-market rally.
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