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Fly News Breaks for August 20, 2019
HA
Aug 20, 2019 | 21:12 EDT
Stifel analyst Joesph DeNardi double downgraded Hawaiian Holdings (HA) to Sell from Buy and cut its price target to $20 from $30 citing 2020 earnings risk. DeNardi sees downside to 2020 consensus earnings estimates due to declining PRASM results starting in 2020 and Southwest's (LUV) announced additional capacity to Hawaii, which will likely lead to further market share losses.