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LUV

Southwest

$41.69

0.45 (1.09%)

, DAL

Delta Air Lines

$39.53

0.18 (0.46%)

15:53
10/18/16
10/18
15:53
10/18/16
15:53

White House seeks to improve disclosures of airline pricing, Reuters reports

The White House intends to unveil steps aimed at promoting competition in the U.S. airline sector and increasing transparency when it comes to pricing, Reuters reports, citing a source briefed on the matter. The plan seeks to ensure that consumers had better information about air travel costs, the report says. Publicly traded companies in the space include American Airlines (AAL), Delta Air Lines (DAL), JetBlue (JBLU), Southwest (LUV) and United Continental (UAL). Reference Link

LUV

Southwest

$41.69

0.45 (1.09%)

DAL

Delta Air Lines

$39.53

0.18 (0.46%)

AAL

American Airlines

$38.58

-0.07 (-0.18%)

UAL

United Continental

$53.91

0.88 (1.66%)

JBLU

JetBlue

$17.77

-0.07 (-0.39%)

  • 18

    Oct

  • 20

    Oct

  • 25

    Oct

  • 15

    Nov

  • 17

    Nov

LUV Southwest
$41.69

0.45 (1.09%)

10/11/16
BERN
10/11/16
INITIATION
BERN
Airlines initiated at Bernstein
Bernstein analyst David Vernon initiated coverage of the U.S. airline sector, saying that he is "bullish on the sector" and asserting that it has "favorable..dynamics." He expects the sector's stocks to have "higher average highs and higher average lows over time," driven partly by its investments in return enhancing programs, revenue enhancing initiatives, and "a stronger outlook for longer term capital return" which isn't reflected in valuation, according to the analyst. Vernon recommends owning airlines that have "less financial and operating leverage." He says that he is "favorably disposed" to Southwest (LUV) and Delta Air Lines (DAL), which he says have high returns and low leverage, and is less upbeat on United Continental (UAL), which he says has higher operating leverage and execution risk. He is bearish on American Airlines (AAL), as he thinks that its capacity growth and financial leverage create significant risk. The analyst started coverage of Southwest with an Outperform rating and a $51 price target. He initiated coverage of Delta and United Continental with Market Perform ratings and $43 and $55 price targets, respectively. He launched American with a $31 price target and Underperform rating.
07/27/16
07/27/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Twitter (TWTR) downgraded to Hold from Buy at Canaccord, to Hold from Buy at Axiom, and to Hold from Buy at Cantor. 2. Southwest (LUV) downgraded to Neutral from Overweight at JPMorgan with analyst Jamie Baker saying the company continues to resist industry efforts aimed at improving revenue, like bag fees and fare increases. 3. Globus Medical (GMED) downgraded to Market Perform from Outperform at Wells Fargo, to Market Perform from Outperform at Leerink, and to Hold from Buy at Canaccord. 4. Linear Technology (LLTC) downgraded to Equal Weight from Overweight at Morgan Stanley. 5. Analog Devices (ADI) downgraded to Neutral from Buy at Citi with analyst Christopher Danely saying he views the stock as fairly valued at current levels. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/09/16
IMPC
09/09/16
INITIATION
Target $46
IMPC
Outperform
Southwest initiated with an Outperform at Imperial Capital
Imperial Capital analyst Michael Derchin started Southwest Airlines with an Outperform rating and $46 price target. Concerned that the company's cost gap will erode over time are overblown, Derchin tells investors in a research note. He believes Southwest warrants a premium valuation to the big three airlines since it can maintain a "meaningful cost and margin advantage because of its low cost business model."
10/10/16
BERN
10/10/16
INITIATION
Target $51
BERN
Outperform
Southwest initiated with an Outperform at Bernstein
Bernstein analyst David Vernon initiated Southwest with an Outperform and a $51 price target.
DAL Delta Air Lines
$39.53

0.18 (0.46%)

10/10/16
BERN
10/10/16
INITIATION
Target $43
BERN
Market Perform
Delta Air Lines initiated with a Market Perform at Bernstein
Bernstein analyst David Vernon initiated Delta Air Lines with a Market Perform and a $43 price target.
08/24/16
08/24/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Lockheed Martin (LMT) reinstated with a Neutral at Goldman. 2. Five Below (FIVE) initiated with a Neutral at BTIG. 3. AMC Entertainment (AMC) and Cinemark (CNK) were initiated with a Buy at Loop Capital while the firm initiated Regal Entertainment (RGC) with a Hold. 4. Delta Air Lines (DAL) initiated with an In-Line at Imperial Capital. 5. LINE Corp. (LN) initiated with a Neutral at JPMorgan. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, Reference Link
10/17/16
ARGS
10/17/16
NO CHANGE
ARGS
Delta Air Lines price target lowered to $48 from $60 at Argus
Argus analyst David Coleman cut his price target on Delta after the company reported results that beat the consensus estimate but came in below Coleman's forecast. Coleman says that the company is continuing to benefit from strong industry fundamentals, and he still believes that the company's results will improve over time. He keeps a Buy rating on the stock.
AAL American Airlines
$38.58

-0.07 (-0.18%)

09/21/16
RAJA
09/21/16
DOWNGRADE
RAJA
Market Perform
American Airlines downgraded to Market Perform from Outperform at Raymond James
Raymond James analyst Savanthi Syth downgraded American Airlines to Market Perform due to relative valuation and lowered estimates to reflect the new mechanics contract.
09/21/16
09/21/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Wells Fargo (WFC) downgraded to Neutral from Overweight at JPMorgan with analyst Vivek Juneja saying the "tough" Senate hearings and "mounting public scrutiny" will likely result in additional investigations that could pressure expenses. 2. Skechers (SKX) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Jay Sole saying he believes consumers shift towards pure fashion styles and away from athletic footwear is causing Skechers to adjust assortment, resulting in slower sales growth. 3. American Airlines (AAL) downgraded to Market Perform from Outperform at Raymond James analyst Savanthi Syth citing relative valuation and lowered estimates to reflect the new mechanics contract. 4. Boston Beer (SAM) downgraded to Underperform from Market Perform at Cowen with analyst Vivien Azer citing its string of disappointing monthly Nielsen data and structural headwinds to the company's core assets, which present meaningful earnings risk. 5. Children's Place (PLCE) downgraded to Neutral from Overweight at Piper Jaffray with analyst Stephanie Wissink saying the firm's recent survey of moms pointed to a "step down" in mindshare. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/10/16
BERN
10/10/16
INITIATION
Target $31
BERN
Underperform
American Airlines initiated with an Underperform at Bernstein
Bernstein analyst David Vernon initiated American Airlines with an Underperform and a $31 price target.
UAL United Continental
$53.91

0.88 (1.66%)

10/11/16
BERN
10/11/16
INITIATION
Target $55
BERN
Market Perform
United Continental initiated with a Market Perform at Bernstein
Bernstein analyst David Vernon initiated United Continental with a Market Perform and a $55 price target.
08/30/16
RAJA
08/30/16
UPGRADE
RAJA
Outperform
United Continental upgraded to Outperform from Market Perform at Raymond James
As previously reported, Raymond James analyst Savanthi Syth upgraded United Continental to Outperform with a $65 price target following the announcement of Scott Kirby as President and Andrew Levy as CFO. Kirby joins United from American Airlines (AAL), as announced last night, and Levy joins from Allegiant Travel (ALGT), as announced earlier this month. The analyst said both executives have strong industry experience and Syth has increased conviction United will reduce it margin gap relative to its peers over the next 12-18 months. Further, competitive capacity pressures will likely improve and easing comps should benefit sequential revenue trends in 2017, the analyst tells investors.
08/30/16
08/30/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. McDonald's (MCD) upgraded to Outperform from Neutral at Baird by analyst David Tarantino, who believes the stock's risk/reward has become more favorable following the year-to-date underperformance. The analyst admits that slower U.S. industry demand trends and challenging upcoming comparisons pose a "short-term headwind," but thinks the company's "attractive" dividend yield can help to limit further downside risk in the shares. 2. United Continental (UAL) upgraded to Outperform from Market Perform at Raymond James, with analyst Savanthi Syth applauding the selection of Scott Kirby as President and Andrew Levy as CFO. Syth said both have strong industry experience and has increased conviction United will reduce its margin gap relative to its peers over the next 12-18 months. 3. VMware (VMW) upgraded to Buy from Neutral by SunTrust analyst John Rizzuto, who says that the company has effectively diversified beyond its server virtualization roots. The analyst, who expects the company's revenue to bottom this year and accelerate through the end of the decade, raised his price target on the stock to $92 from $64. 4. Barracuda (CUDA) upgraded to Overweight from Sector Weight at Pacific Crest, as analyst Rob Owens said he's seeing improved trends due to the company's renewed product alignment and cloud-centric channel marketing campaign. 5. Fortinet (FTNT) upgraded to Overweight from Sector Weight at Pacific Crest by Rob Owens, who believes management's focus on enhanced profitability should drive share outperformance. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
JBLU JetBlue
$17.77

-0.07 (-0.39%)

04/27/16
COWN
04/27/16
UPGRADE
Target $24
COWN
Outperform
JetBlue upgraded to Outperform at Cowen
As reported previously, Cowen upgraded JetBlue to Outperform from Market Perform as they believe April will be the low point for unit revenue. The firm also cites expectations for slower capacity growth in the second half of 2016, an improved balance sheet, and upside to the new credit card agreement. Cowen maintained its $24 price target on JetBlue shares.
09/16/16
09/16/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. GoPro (GPRO) initiated with a Buy at BofA/Merrill. 2. JetBlue (JBLU) initiated with an Outperform at Imperial Capital. 3. PepsiCo (PEP), Dr Pepper Snapple (DPS), and Monster Beverage (MNST) were initiated with an Outperform at Credit Suisse, while the firm initiated Boston Beer (SAM) with an Underperform. Credit Suisse also initiated Coca-Cola (KO) and Constellation Brands (STZ) with a Neutral. 4. lululemon (LULU) initiated with a Positive at Susquehanna. 5. Target (TGT) coverage assumed with a Neutral at Credit Suisse. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/16/16
IMPC
09/16/16
INITIATION
Target $21
IMPC
Outperform
JetBlue initiated with an Outperform at Imperial Capital
Imperial Capital analyst Michael Derchin started JetBlue Airways with an Outperform rating and $21 price target. The analyst believes Zika concerns are fully priced into the shares at current levels and that JetBlue "can hold its own in competitive battles."
04/27/16
04/27/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. JetBlue (JBLU) upgraded to Outperform at Cowen due to the belief that April will be the low point for unit revenue. Cowen cites expectations for slower capacity growth in the second half of 2016, an improved balance sheet and upside to the new credit card agreement. 2. National Oilwell (NOV) upgraded two notches to Overweight at Morgan Stanley by analyst Ole Sloreer, who said negative catalysts are played out with the dividend cut and Sete's bankruptcy filing. The analyst said lack of further negative catalysts, a strong balance sheet, and a trough in Q2 make National Oilwell a top contrarian pick. 3. LyondellBasell (LYB) upgraded to Buy at Nomura citing key commodity products of ethylene/polyethylene and key feedstock, ethane, are approaching peak conditions in 2016 as capacity conditions will outstrip demand. 4. Michael Kors (KORS) upgraded to Overweight at Piper Jaffray by analyst Erinn Murphy, who said she now believes the brand is "holding more stable footing on a global scale." She notes Piper's teen survey highlighted Kors as the top handbag brand and that peer Coach (COH) reported solid Q3 results. 5. Stryker (SYK) upgraded to Buy at Sterne Agee CRT with analyst Gregory Chodaczek saying it deserves a premium multiple given best in space fundamentals and near-term levers to expand margins and bolster sales growth. The analyst believes current valuation is too low given its diversified product portfolio and potential of beating his revenue and earnings estimates. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

ABC

AmerisourceBergen

$102.66

2.6 (2.60%)

09:02
01/23/18
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09:02
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XPER

Xperi

$22.50

-0.25 (-1.10%)

09:01
01/23/18
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09:01
Hot Stocks
Xperi partners with ARCloud to bring music recognition to hybrid ratio »

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General news
U.S. equities are relatively subdued »

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FQVLF

First Quantum Minerals

$15.30

-0.01 (-0.07%)

08:59
01/23/18
01/23
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01/23/18
08:59
Downgrade
First Quantum Minerals rating change  »

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VZ

Verizon

$53.46

1.55 (2.99%)

08:59
01/23/18
01/23
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08:59
Hot Stocks
Verizon says not considering large media acquisition »

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SANM

Sanmina

$27.08

-8.35 (-23.57%)

08:59
01/23/18
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08:59
Recommendations
Sanmina analyst commentary  »

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  • 29

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JMBA

Jamba

08:59
01/23/18
01/23
08:59
01/23/18
08:59
Technical Analysis
Technical Take: Jamba down sharply on 2.1M share Block Trade »

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  • 23

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TWTR

Twitter

$23.34

-0.31 (-1.31%)

08:57
01/23/18
01/23
08:57
01/23/18
08:57
Hot Stocks
Twitter COO Anthony Noto resigns to accept CEO role at other company »

Twitter announced that…

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08:57
01/23/18
01/23
08:57
01/23/18
08:57
General news
Redbook Store Sales data reported »

Week of 1/20 Redbook…

SANM

Sanmina

$27.10

-8.35 (-23.55%)

08:56
01/23/18
01/23
08:56
01/23/18
08:56
Recommendations
Sanmina analyst commentary  »

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  • 29

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WWD

Woodward

$81.02

0.52 (0.65%)

08:56
01/23/18
01/23
08:56
01/23/18
08:56
Initiation
Woodward initiated  »

Woodward re-initiated…

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  • 24

    Jan

TWTR

Twitter

$23.32

-0.34 (-1.44%)

08:55
01/23/18
01/23
08:55
01/23/18
08:55
Hot Stocks
Breaking Hot Stocks news story on Twitter »

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  • 23

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    Feb

GE

General Electric

$16.17

-0.09 (-0.55%)

, NFLX

Netflix

$227.58

7.12 (3.23%)

08:55
01/23/18
01/23
08:55
01/23/18
08:55
Options
Notable open interest changes for January 23rd »

Monday's total…

GE

General Electric

$16.17

-0.09 (-0.55%)

NFLX

Netflix

$227.58

7.12 (3.23%)

AAPL

Apple

$177.00

-1.46 (-0.82%)

BAC

Bank of America

$31.94

0.22 (0.69%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 23

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  • 01

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  • 15

    Feb

JMBA

Jamba

$9.14

-0.01 (-0.11%)

08:54
01/23/18
01/23
08:54
01/23/18
08:54
Syndicate
Jamba 2.1M share Block Trade priced at $8.25 »

The deal priced at the…

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  • 23

    Jan

ANET

Arista Networks

$275.68

4.84 (1.79%)

08:54
01/23/18
01/23
08:54
01/23/18
08:54
Recommendations
Arista Networks analyst commentary  »

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  • 15

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    Mar

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    Mar

FSLR

First Solar

$68.96

-1.07 (-1.53%)

, TSLA

Tesla

$351.56

1.54 (0.44%)

08:53
01/23/18
01/23
08:53
01/23/18
08:53
Recommendations
First Solar, Tesla, JinkoSolar, JA Solar, Sunrun, Vivint Solar analyst commentary  »

30% solar import tariff…

FSLR

First Solar

$68.96

-1.07 (-1.53%)

TSLA

Tesla

$351.56

1.54 (0.44%)

JKS

JinkoSolar

$23.37

-0.8 (-3.31%)

JASO

JA Solar

$7.46

-0.01 (-0.13%)

RUN

Sunrun

$6.04

0.1 (1.68%)

VSLR

Vivint Solar

$3.55

-0.15 (-4.05%)

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VZ

Verizon

$53.46

1.55 (2.99%)

08:52
01/23/18
01/23
08:52
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08:52
Hot Stocks
Breaking Hot Stocks news story on Verizon »

Verizon says integration…

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  • 23

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JWN

Nordstrom

$52.82

0.82 (1.58%)

08:52
01/23/18
01/23
08:52
01/23/18
08:52
Downgrade
Nordstrom rating change  »

William Blair downgrades…

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LITE

Lumentum

$45.20

-3.65 (-7.47%)

08:51
01/23/18
01/23
08:51
01/23/18
08:51
Recommendations
Lumentum analyst commentary  »

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  • 06

    Feb

NDAQ

Nasdaq

$80.63

0.56 (0.70%)

, CBOE

Cboe Global Markets

$134.56

0.68 (0.51%)

08:49
01/23/18
01/23
08:49
01/23/18
08:49
Periodicals
Nasdaq assessing bitcoin futures that are different to rivals, CNBC reports »

Nasdaq (NDAQ) is…

NDAQ

Nasdaq

$80.63

0.56 (0.70%)

CBOE

Cboe Global Markets

$134.56

0.68 (0.51%)

CME

CME Group

$155.45

1.17 (0.76%)

03/08/13
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  • 31

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  • 09

    Feb

LOGI

Logitech

$37.58

0.25 (0.67%)

08:49
01/23/18
01/23
08:49
01/23/18
08:49
Technical Analysis
Technical Take: Logitech up sharply after results beat consensus, FY18 view »

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  • 23

    Jan

RMD

ResMed

$87.51

-1.17 (-1.32%)

08:49
01/23/18
01/23
08:49
01/23/18
08:49
Upgrade
ResMed rating change  »

ResMed upgraded to Market…

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GGAL

Grupo Financiero

$69.79

-2.27 (-3.15%)

08:48
01/23/18
01/23
08:48
01/23/18
08:48
Initiation
Grupo Financiero initiated  »

Grupo Financiero…

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VZ

Verizon

$53.46

1.55 (2.99%)

08:48
01/23/18
01/23
08:48
01/23/18
08:48
Hot Stocks
Verizon says seeing elongation of upgrade cycle »

Says customers keeping…

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  • 23

    Jan

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TRV

Travelers

$139.35

1.5 (1.09%)

08:47
01/23/18
01/23
08:47
01/23/18
08:47
Technical Analysis
Technical Take: Travelers trades at new high after earnings beat »

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