Aviation Finance - FLY is 'undervalued' as Wells Fargo Securities commences coverage of the lessor

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FLY is 'undervalued' as Wells Fargo Securities commences coverage of the lessor

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May 1st: FLY Leasing is undervalued according to Wells Fargo Securities which has commenced its coverage of the lessor and given it an initial 'Outperform' rating and a $13.50-$14.50 valuation range (80-85 per cent of book value).

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