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ALK

Alaska Air

$94.78

-0.42 (-0.44%)

08:02
03/10/17
03/10
08:02
03/10/17
08:02

Alaska Air reports February traffic up 1.7%

Alaska Air Group reported a 1.7% increase in traffic on a 1.2% increase in capacity on a combined basis for all operations compared to February 2016. Load factor increased 0.3 points to 80.4%. "Winter storms in 2017 significantly impacted the operational performance across the network," the company said.

ALK Alaska Air
$94.78

-0.42 (-0.44%)

02/10/17
IMPC
02/10/17
NO CHANGE
Target $101
IMPC
In-Line
Alaska Air price target raised to $101 from $84 at Imperial Capital
Imperial Capital analyst Michael Derchin raised his price target on Alaska Air to $101 from $84 following the closing of its acquisition of Virgin America. However, he sees merger integration as a short-term risk and maintains an In-Line rating on Alaska Air shares.
01/10/17
DBAB
01/10/17
NO CHANGE
DBAB
Airline stocks should benefit from fiscal stimulus, says Deutsche Bank
Deutsche Bank analyst Michael Linenberg believes stronger GDP growth in 2017, helped by fiscal stimulus initiatives, should be good for economically-sensitive stocks such as airlines. Companies that are domestic-oriented, pay cash taxes, have low financial leverage and can take advantage of bonus depreciation should outperform, Linenberg tells investors in a research note. He likes shares of Southwest (LUV), JetBlue (JBLU), Spirit Airlines (SAVE), Allegiant Travel (ALGT) and Alaska Air (ALK). Delta Air Lines (DAL) is his top pick among the majors.
01/10/17
BOFA
01/10/17
UPGRADE
Target $110
BOFA
Buy
Alaska Air upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill upgraded Alaska Air to Buy and raised its price target to $110 from $97. Analyst Andrew Didora said the closing of the Virgin America acquisition provides diversification as Alaska gains access to several top, slot-constrained airports and more than doubles its presence in SFO and LAX, creating the largest carrier in the West Coast in terms of seat share. Didora raised Alaska Air estimates to reflect accretion and a better than expected revenue environment over the pas few months and views 2017 consensus estimates as conservative.
01/04/17
01/04/17
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. JPMorgan analyst Richard Vosser downgraded Novartis (NVS) to Neutral from Overweight saying pressures on the company's business are mounting. The pressure from generic erosion in 2017 "remains high" with an estimated $2.3B of sales expected to be lost to generics, said Vosser, who sees "significant downside" to consensus estimates for Novartis. 2. BofA Merrill Lynch analyst Lisa Lewandowski downgraded Philip Morris (PM) to Neutral from Buy and lowered its price target to $96 from $102 citing concerns from the strong U.S. dollar, less impact from an overhaul in U.S. tax policy versus peers, underperformance in combustible tobacco volumes, increasing heat-not-burn competition, a rotation out of defensive/bond proxy assets, and debt convent constraints. 3. Jefferies analyst Andy Barish downgraded Dunkin' Brands (DNKN) to Underperform from Hold, saying he does not believe the company's same-store-sales have broken out above 2% while its international growth has been disappointing. Barish also downgraded Cheesecake Factory (CAKE) to Underperform, citing the 15% post-election rally with no change in fundamentals along with the company's "significant" mall exposure. 4. Evercore ISI downgraded Intuitive Surgical (ISRG) to Hold from Buy and lowered its price target to $690 from $780, with analyst Vijay Kumar saying he expects 2017 to be one of the most challenging for healthcare in general, with the sector facing issues ranging from ACA repeal to border tax reform to interest expense deductibility. 5. Cowen analyst Helane Becker downgraded a number of airline stocks, including United Continental (UAL), JetBlue (JBLU), Alaska Air (ALK) and American Airlines (AAL), to Market Perform from Outperform based on valuation. 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

TSLA

Tesla

$310.83

-2.23 (-0.71%)

11:37
05/22/17
05/22
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FDX

FedEx

$190.74

1.37 (0.72%)

11:35
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11:35
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Fedex put volume heavy and directionally bearish »

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F

Ford

$11.01

0.14 (1.29%)

11:32
05/22/17
05/22
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11:32
Recommendations
Ford analyst commentary  »

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11:30
05/22/17
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11:30
General news
U.S. VIX equity volatility sank 4% to 11.56 »

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MRK

Merck

$64.16

0.375 (0.59%)

11:25
05/22/17
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Merck says Phase 2 study results warrant continued evaluation of MK-7264 »

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LC

LendingClub

$5.92

0.26 (4.59%)

, ONDK

On Deck Capital

$3.71

0.32 (9.44%)

11:23
05/22/17
05/22
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11:23
Periodicals
Online lendeers attract bond buyers, WSJ says »

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LC

LendingClub

$5.92

0.26 (4.59%)

ONDK

On Deck Capital

$3.71

0.32 (9.44%)

03/08/13
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MGM

MGM Resorts

$31.66

0.41 (1.31%)

11:20
05/22/17
05/22
11:20
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11:20
Options
Notable option blocks in MGM »

Notable option blocks in…

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$NSD

NASDAQ Market Internals

11:17
05/22/17
05/22
11:17
05/22/17
11:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

11:16
05/22/17
05/22
11:16
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11:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

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MTBC

Medical Transcription Billing

$1.90

0.02 (1.06%)

11:15
05/22/17
05/22
11:15
05/22/17
11:15
Hot Stocks
MTBC jumps after announcing releases of app for smartphones »

Earlier today, MTBC…

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11:15
05/22/17
05/22
11:15
05/22/17
11:15
General news
Breaking General news story  »

3-Month Bill Auction to…

11:15
05/22/17
05/22
11:15
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11:15
General news
Breaking General news story  »

6-Month Bill Auction to…

XOM

Exxon Mobil

$82.08

0.147 (0.18%)

11:13
05/22/17
05/22
11:13
05/22/17
11:13
Hot Stocks
Exxon Mobil completes polyethylene lines at Texas plant »

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  • 31

    May

XOP

SPDR Oil Exploration and Production Fund

$35.37

-0.15 (-0.42%)

11:10
05/22/17
05/22
11:10
05/22/17
11:10
Options
Upside call buying in SPDR Oil Exploration and Production ETF »

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11:10
05/22/17
05/22
11:10
05/22/17
11:10
General news
Treasury announced a $55 B 4-week bill auction for Tuesday »

Treasury announced a $55…

ORBK

Orbotech

$36.72

0.35 (0.96%)

11:09
05/22/17
05/22
11:09
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11:09
Hot Stocks
Orbotech sinks after disclosing criminal probe by Israel Tax Authority »

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AVY

Avery Dennison

$83.18

0.42 (0.51%)

11:09
05/22/17
05/22
11:09
05/22/17
11:09
Hot Stocks
Avery Dennison acquires Finesse Medical »

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ORBK

Orbotech

$36.72

0.35 (0.96%)

11:08
05/22/17
05/22
11:08
05/22/17
11:08
Downgrade
Orbotech rating change  »

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RPT

Ramco-Gershenson

$12.75

-0.16 (-1.24%)

11:08
05/22/17
05/22
11:08
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11:08
Conference/Events
Ramco-Gershenson management to meet with Jefferies »

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AVT

Avnet

$36.98

-0.1099 (-0.30%)

11:06
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Hot Stocks
Avnet named exclusive global distributor for Silego Technology »

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11:05
05/22/17
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General news
4-Week Bill Announcement Offering Amount data reported »

4-Week Bill Announcement…

RARX

RA Pharmaceuticals

$24.62

-0.32 (-1.28%)

11:04
05/22/17
05/22
11:04
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11:04
Conference/Events
RA Pharmaceuticals management to meet with Jefferies »

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BBRY

BlackBerry

$10.38

0.27 (2.67%)

11:00
05/22/17
05/22
11:00
05/22/17
11:00
Options
Blackberry calls active as the rally continues »

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  • 01

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QUOT

Quotient Technology

$11.30

0.05 (0.44%)

10:58
05/22/17
05/22
10:58
05/22/17
10:58
Conference/Events
Quotient Technology management to meet with Maxim »

Meeting to be held in…

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  • 23

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QUOT

Quotient Technology

$11.30

0.05 (0.44%)

10:57
05/22/17
05/22
10:57
05/22/17
10:57
Conference/Events
Quotient Technology management to meet with Loop »

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