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Fly News Breaks for July 12, 2019
MESA
Jul 12, 2019 | 08:47 EDT
B. Riley FBR analyst Scott Buck started Mesa Air Group with a Buy rating and $16 price target. A low-cost operating structure positions Mesa to bid competitively for extending current flying contracts and add potentially profitable new flying, Buck tells investors in a research note. Further, the company's balance sheet de-leveraging should drive meaningful improvement in earnings, even without new flying, adds the analyst.
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