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ALK

Alaska Air

$71.94

-0.37 (-0.51%)

, VA

Virgin America

$53.85

1.77 (3.40%)

06:07
10/18/16
10/18
06:07
10/18/16
06:07

Alaska Air still in talks with DoJ for approval to buy Virgin, Reuters reports

Alaska Air (ALK) is still in late-stage talks with the Department of Justice to reach approval to acquire Virgin America (VA), Reuters reports, citing two people close to the matter. The talks included the possibility of Alaska dropping part of one or more code-sharing agreements it has with other U.S. carriers, one of the people said. Reference Link

ALK

Alaska Air

$71.94

-0.37 (-0.51%)

VA

Virgin America

$53.85

1.77 (3.40%)

  • 20

    Oct

ALK Alaska Air
$71.94

-0.37 (-0.51%)

08/11/16
MSCO
08/11/16
NO CHANGE
Target $85
MSCO
Overweight
Alaska Air a top pick going into year-end at Morgan Stanley
Morgan Stanley analyst Rajee Lalwani said Alaska Air offers substantial upside into year end with favorable near-term pricing, more manageable supply into 2017, and material accretion from the Virgin acquisition into 2017. The analyst said Alaska is deserving of a much higher multiple and is a top pick into year end. Lalwani rates Alaska Air an Overweight with an $85 price target on shares.
09/23/16
IMPC
09/23/16
INITIATION
Target $47
IMPC
In-Line
Alaska Air initiated with an In-Line at Imperial Capital
Imperial Capital analyst Michael Derchin started Alaska Air Group with an In-Line rating and $47 price target. The stock "may tread water" during the merger integration process, Derchin tells investors in a research note.
10/11/16
JPMS
10/11/16
UPGRADE
JPMS
Neutral
Virgin America upgraded to Neutral from Underweight at JPMorgan
JPMorgan analyst Jamie Baker upgraded Virgin America (VA) to Neutral saying regulatory approval of the pending Alaska Air (ALK) takeover "remains more likely than not." The analyst has a $52.50 price target for Virgin shares.
10/13/16
BUCK
10/13/16
UPGRADE
BUCK
Buy
Alaska Air upgraded to Buy from Neutral at Buckingham
Buckingham upgraded Alaska Air to Buy and raised its price target to $84 from $65. The firm's analyst expects the Virgin America (VA) merger to go through and revised estimates for the combined company well above consensus, and sees earnings potentially approaching $8.00-$8.50 beyond 2017 as Alaska adopts Virgin's best practices on ancillary revenue.
VA Virgin America
$53.85

1.77 (3.40%)

06/14/16
RAJA
06/14/16
DOWNGRADE
Target $88
RAJA
Outperform
Alaska Air downgraded to Outperform from Strong Buy at Raymond James
Raymond James analyst Savanthi Syth downgraded Alaska Air Group (ALK) to Outperform saying domestic fare weakness and a lack of clarity on the earnings impact from the acquisition of Virgin America (VA) will delay upside in the shares. The analyst lowered Alaska Air's price target to $88 from $105.
09/23/16
IMPC
09/23/16
INITIATION
Target $57
IMPC
In-Line
Virgin America initiated with an In-Line at Imperial Capital
Imperial Capital analyst Michael Derchin started Virgin America with an In-Line rating and $57 price target.
10/11/16
10/11/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Twitter (TWTR) upgraded to Hold from Sell at Evercore ISI with analyst Ken Sena citing the recent pullback in the shares. 2. Tyson Foods (TSN) upgraded to Outperform from Market Perform at BMO Capital with analyst Kenneth Zaslow saying he thinks that the company's "strong underlying fundamentals" should enable its fiscal 2017 profits to beat expectations, and he says that the shares are undervalued. 3. Virgin America (VA) upgraded to Neutral from Underweight at JPMorgan with analyst Jamie Baker saying regulatory approval of the pending Alaska Air (ALK) takeover "remains more likely than not." 4. Cummins (CMI) was upgraded to Conviction Buy from Neutral and Caterpillar (CAT) was upgraded to Buy from Neutral at Goldman. 5. Carbonite (CARB) upgraded to Outperform from Perform at Oppenheimer with analyst Brian Schwartz saying he sees "substantial upside" from current levels due to valuation and fundamentals. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

NUVA

NuVasive

$76.94

0.59 (0.77%)

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  • 18

    May

FB

Facebook

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1.02 (0.70%)

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  • 03

    May

TECK

Teck Resources

$21.26

-0.7 (-3.19%)

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Teck Resources raises dividend, announces dividend policy »

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MPW

Medical Properties Trust

$13.84

0.03 (0.22%)

05:56
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Syndicate
Medical Properties Trust 37.5M share Spot Secondary priced at $13.25 »

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  • 06

    Jun

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    Apr

CRAY

Cray

$19.15

-0.25 (-1.29%)

05:55
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  • 02

    May

  • 30

    May

ISRG

Intuitive Surgical

$827.24

5.06 (0.62%)

05:54
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Intuitive Surgical receives CE Mark for new da VinciX Surgical System »

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BTU

Peabody Energy

$26.10

-0.29 (-1.10%)

05:54
04/26/17
04/26
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05:54
Upgrade
Peabody Energy rating change  »

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  • 04

    May

AUDC

AudioCodes

$6.62

0.11 (1.69%)

05:51
04/26/17
04/26
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05:51
Earnings
AudioCodes reports Q1 EPS 7c, consensus 7c »

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CREE

Cree

$24.82

0.07 (0.28%)

05:51
04/26/17
04/26
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05:51
Downgrade
Cree rating change  »

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  • 09

    May

BIG

Big Lots

$49.57

-0.36 (-0.72%)

05:49
04/26/17
04/26
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05:49
Upgrade
Big Lots rating change  »

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APTI

Apptio

$12.80

0.09 (0.71%)

05:48
04/26/17
04/26
05:48
04/26/17
05:48
Upgrade
Apptio rating change  »

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  • 04

    May

NORD

Nord Anglia

$32.82

5.2 (18.83%)

05:46
04/26/17
04/26
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05:46
Downgrade
Nord Anglia rating change  »

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  • 27

    Apr

AKS

AK Steel

$6.40

-0.72 (-10.11%)

05:44
04/26/17
04/26
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04/26/17
05:44
Recommendations
AK Steel analyst commentary  »

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  • 25

    May

CMG

Chipotle

$471.76

2.97 (0.63%)

05:43
04/26/17
04/26
05:43
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05:43
Downgrade
Chipotle rating change  »

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SHOP

Shopify

$76.65

0.82 (1.08%)

05:43
04/26/17
04/26
05:43
04/26/17
05:43
Downgrade
Shopify rating change  »

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  • 02

    May

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    May

ALGT

Allegiant Travel

$163.85

-1.2 (-0.73%)

05:40
04/26/17
04/26
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05:40
Downgrade
Allegiant Travel rating change  »

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DYN

Dynegy

$6.19

-0.11 (-1.75%)

05:37
04/26/17
04/26
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Upgrade
Dynegy rating change  »

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  • 05

    May

RSPP

RSP Permian

$38.69

1.32 (3.53%)

05:33
04/26/17
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Initiation
RSP Permian initiated  »

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  • 03

    May

CPE

Callon Petroleum

$12.24

0.39 (3.29%)

05:32
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Initiation
Callon Petroleum initiated  »

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  • 03

    May

LOGI

Logitech

$31.79

0.99 (3.21%)

05:32
04/26/17
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Earnings
Logitech backs FY18 outlook of high single-digit retail sales growth »

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  • 26

    Apr

FSNN

Fusion Telecommunications

$1.43

0.01 (0.70%)

05:31
04/26/17
04/26
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Initiation
Fusion Telecommunications initiated  »

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  • 30

    May

LOGI

Logitech

$31.79

0.99 (3.21%)

05:30
04/26/17
04/26
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05:30
Earnings
Logitech reports Q4 EPS 15c, consensus 17c »

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  • 26

    Apr

SKYAY

Sky

$50.26

0.05 (0.10%)

05:29
04/26/17
04/26
05:29
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05:29
Upgrade
Sky rating change  »

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WFC

Wells Fargo

$54.56

0.91 (1.70%)

05:26
04/26/17
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Wells Fargo issues statement in response to CA State Treasurer John Chiang »

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  • 11

    May

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  • 13

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    Oct

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    Jan

KLRE

KLR Energy Acquisition

$10.55

0.1384 (1.33%)

04:55
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Conference/Events
KLR Energy Acquisition to host special shareholder meeting »

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  • 26

    Apr

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