Deutsche Bank downgrades Air Lease amid $7.4 bln acquisition

About this update from Sumitomo Chemical India Ltd.

** Deutsche Bank downgrades U.S.-based Air Lease Corp NYSE:AL 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 TSE:8053 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

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