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LUV

Southwest

$39.77

1.3 (3.38%)

06:32
10/11/16
10/11
06:32
10/11/16
06:32

Southwest reports September traffic up 7.9%

Southwest Airlines flew 9.9B revenue passenger miles, or RPMs, in September, an increase of 7.9% from the 9.2B RPMs flown in September 2015. Available seat miles, or ASMs, increased 6.0% to 11.8B in September 2016, compared with September 2015 ASMs of 11.1B. The September load factor was a record for the month of September at 84.2%, compared with 82.7% in September 2015. The company continues to estimate Q3 operating revenue per ASM, or RASM, will decline in the 3.5%-4.5% range, as compared with Q3 of 2015, with approximately 0.5 point of the decline resulting from the company's July 2016 technology outage.

LUV Southwest
$39.77

1.3 (3.38%)

07/27/16
JPMS
07/27/16
UPGRADE
Target $78.5
JPMS
Overweight
Alaska Air upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Jamie Baker upgraded Alaska Air Group (ALK) to Overweight saying the shares at current levels are "simply too cheap to ignore." The analyst highlights the company's "exemplary capital stewardship" and labor cost control in recent years. He raised his price target for the shares to $78.50 from $72.50. Baker this morning also downgraded Southwest Airlines (LUV) to Neutral.
07/27/16
07/27/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Twitter (TWTR) downgraded to Hold from Buy at Canaccord, to Hold from Buy at Axiom, and to Hold from Buy at Cantor. 2. Southwest (LUV) downgraded to Neutral from Overweight at JPMorgan with analyst Jamie Baker saying the company continues to resist industry efforts aimed at improving revenue, like bag fees and fare increases. 3. Globus Medical (GMED) downgraded to Market Perform from Outperform at Wells Fargo, to Market Perform from Outperform at Leerink, and to Hold from Buy at Canaccord. 4. Linear Technology (LLTC) downgraded to Equal Weight from Overweight at Morgan Stanley. 5. Analog Devices (ADI) downgraded to Neutral from Buy at Citi with analyst Christopher Danely saying he views the stock as fairly valued at current levels. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/09/16
IMPC
09/09/16
INITIATION
Target $46
IMPC
Outperform
Southwest initiated with an Outperform at Imperial Capital
Imperial Capital analyst Michael Derchin started Southwest Airlines with an Outperform rating and $46 price target. Concerned that the company's cost gap will erode over time are overblown, Derchin tells investors in a research note. He believes Southwest warrants a premium valuation to the big three airlines since it can maintain a "meaningful cost and margin advantage because of its low cost business model."
10/10/16
BERN
10/10/16
INITIATION
Target $51
BERN
Outperform
Southwest initiated with an Outperform at Bernstein
Bernstein analyst David Vernon initiated Southwest with an Outperform and a $51 price target.

TODAY'S FREE FLY STORIES

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YUM

Yum! Brands

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SMMF

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PCMI

PCM, Inc.

$13.20

0.2 (1.54%)

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BIIB

Biogen

$318.46

3.43 (1.09%)

, NVO

Novo Nordisk

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EXEL

Exelixis

$24.47

-3.54 (-12.64%)

, PTN

Palatin

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EXEL

Exelixis

$24.47

-3.54 (-12.64%)

PTN

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AGN

Allergan

ICPT

Intercept

$61.59

-12.11 (-16.43%)

GPC

Genuine Parts

TGT

Target

LLY

Eli Lilly

AAPL

Apple

$151.89

-1.5 (-0.98%)

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TSLA

Tesla

$351.09

-15.39 (-4.20%)

, GM

General Motors

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Periodicals
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$351.09

-15.39 (-4.20%)

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VLKAY

Volkswagen

$34.57

0.46 (1.35%)

F

Ford

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SBRA

Sabra Health Care

$22.21

0.03 (0.14%)

09:23
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  • 26

    Sep

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Treasury Action: supply is on tap this week »

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SPX

S&P 500

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Volatility Index S&P 500 Options

09:18
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Options
Overnight activity included 98 trades in SPX and 33 trades in VIX »

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NTNX

Nutanix

$24.50

1.04 (4.43%)

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AMZN

Amazon.com

$955.10

-9.55 (-0.99%)

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TUWOY

Tullow Oil

$1.19

0.08 (7.21%)

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AAPL

Apple

$151.89

-1.5 (-0.98%)

, S

Sprint

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$151.89

-1.5 (-0.98%)

S

Sprint

STM

STMicroelectronics

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FINL

Finish Line

$9.73

0.51 (5.53%)

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CCL

Carnival

$64.33

-0.12 (-0.19%)

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YUM

Yum! Brands

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AMZN

Amazon.com

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-9.55 (-0.99%)

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MSM

MSC Industrial

09:11
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