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Fly News Breaks for August 9, 2019
MESA
Aug 9, 2019 | 12:48 EDT
Raymond James analyst Savanthi Syth said earlier, in a note issued ahead of the company's earnings call, that the selloff in shares of Mesa Air was overdone as some investors had "chosen to shoot first." Brad Rich, who was previously at SkyWest and United, is still in the early stages of improving the operations and Syth believes the loss of the full American contract is unlikely, he stated. The analyst has a Strong Buy rating on Mesa Air Group shares, which are down $3.43, or 35%, to $6.34 in early afternoon trading.
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