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Fly News Breaks for March 11, 2019
JBLU, SAVE
Mar 11, 2019 | 07:50 EDT
Barclays analyst Brandon Oglenski upgraded Spirit Airlines (SAVE) to Overweight from Equal Weight while downgrading JetBlue Airways (JBLU) to Equal Weight from Overweight. The analyst says that in a sector "besieged by seemingly permanent negative sentiment," he seeks airline managements "driving agendas and delivering tangible results." Improvements in network reliability, traction on revenue management initiatives, dynamic pricing of ancillary products and prime growth opportunities in the U.S. market suggest Spirit shares are "significantly undervalued," Oglenski tells investors in a research note. He expects the company's earnings growth will exceed 40% in 2019, and sees upside of over 35% in the shares. Oglenski names Spirit his Top Pick in airlines. For JetBlue, the analyst believes the company's commercial initiatives can be subject to competitive pressure. While there is a lot to like, the company is not seeing much traction, says Oglenski.
News For SAVE;JBLU From the Last 2 Days
SAVE, JBLU
Mar 28, 2024 | 15:22 EDT
What has Wall Street been buzzing about this week? Here are the top 5 Bu-y calls and the top 5 Sell calls made by Wall Street’s best analysts during the week of March 25-28. Find all top-rated... To see the rest of the story go to thefly.com. See Story Here
SAVE
Mar 27, 2024 | 05:33 EDT
Barclays analyst Brandon Oglenski reinstated coverage of Spirit Airlines with an Underweight rating and $4 price target. Spirit faces significant operating and financial headwinds in the coming year that are likely to limit share upside, the analyst tells investors in a research note. The firm says that with mounting financial leverage and ongoing operating losses compounded by GTF engine related groundings, it sees limited equity potential in Spirit's shares.