As previously reported, Imperial Capital analyst Michael Derchin upgraded Air Transport Services (ATSG) to Outperform from In-Line and raised his price target on the stock to $27 from $19 after Amazon (AMZN) announced a new agreement to lease and operate ten additional 767s over the next two years. The e-commerce giant also renewed leases and operating agreements on twenty other aircraft and now owns 33.2% of Air Transport via warrants, Derchin noted. The new pact with Amazon is likely to lead to strong revenue and earnings growth through at least FY20, contends Derchin.