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Fly News Breaks for January 31, 2019
ATSG, AAWW
Jan 31, 2019 | 05:05 EDT
Imperial Capital analyst Michael Derchin raised his price target for Atlas Air Worldwide (AAWW) to $76 from $74 ahead of the company's Q4 results and keeps an Outperform rating on the name. Amazon.com (AMZN) is still in the early innings of developing its air freight business, with Air Transport Service (ATSG) and Atlas Air likely to be critical partners to Amazon's growth, Derchin tells investors in a research note. He says Atlas Air shares are attractive considering its "strong" earnings growth potential through fiscal 2020 and low valuations.
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