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ALK

Alaska Air

$96.36

-3.88 (-3.87%)

18:21
03/02/17
03/02
18:21
03/02/17
18:21

Alaska Air says tentatively awarded California-Mexico City slots

Alaska Air announced that the U.S. Department of Transportation has tentatively awarded the airline "coveted" slots at Mexico City's Benito Juarez International from San Francisco, Los Angeles and San Diego with flights starting this summer. The year-round nonstop service will operate once daily between Mexico City and San Francisco, once daily between Mexico City and San Diego and twice daily between Mexico City and Los Angeles.

ALK Alaska Air
$96.36

-3.88 (-3.87%)

01/04/17
01/04/17
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. JPMorgan analyst Richard Vosser downgraded Novartis (NVS) to Neutral from Overweight saying pressures on the company's business are mounting. The pressure from generic erosion in 2017 "remains high" with an estimated $2.3B of sales expected to be lost to generics, said Vosser, who sees "significant downside" to consensus estimates for Novartis. 2. BofA Merrill Lynch analyst Lisa Lewandowski downgraded Philip Morris (PM) to Neutral from Buy and lowered its price target to $96 from $102 citing concerns from the strong U.S. dollar, less impact from an overhaul in U.S. tax policy versus peers, underperformance in combustible tobacco volumes, increasing heat-not-burn competition, a rotation out of defensive/bond proxy assets, and debt convent constraints. 3. Jefferies analyst Andy Barish downgraded Dunkin' Brands (DNKN) to Underperform from Hold, saying he does not believe the company's same-store-sales have broken out above 2% while its international growth has been disappointing. Barish also downgraded Cheesecake Factory (CAKE) to Underperform, citing the 15% post-election rally with no change in fundamentals along with the company's "significant" mall exposure. 4. Evercore ISI downgraded Intuitive Surgical (ISRG) to Hold from Buy and lowered its price target to $690 from $780, with analyst Vijay Kumar saying he expects 2017 to be one of the most challenging for healthcare in general, with the sector facing issues ranging from ACA repeal to border tax reform to interest expense deductibility. 5. Cowen analyst Helane Becker downgraded a number of airline stocks, including United Continental (UAL), JetBlue (JBLU), Alaska Air (ALK) and American Airlines (AAL), to Market Perform from Outperform based on valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/10/17
BOFA
01/10/17
UPGRADE
Target $110
BOFA
Buy
Alaska Air upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill upgraded Alaska Air to Buy and raised its price target to $110 from $97. Analyst Andrew Didora said the closing of the Virgin America acquisition provides diversification as Alaska gains access to several top, slot-constrained airports and more than doubles its presence in SFO and LAX, creating the largest carrier in the West Coast in terms of seat share. Didora raised Alaska Air estimates to reflect accretion and a better than expected revenue environment over the pas few months and views 2017 consensus estimates as conservative.
01/10/17
DBAB
01/10/17
NO CHANGE
DBAB
Airline stocks should benefit from fiscal stimulus, says Deutsche Bank
Deutsche Bank analyst Michael Linenberg believes stronger GDP growth in 2017, helped by fiscal stimulus initiatives, should be good for economically-sensitive stocks such as airlines. Companies that are domestic-oriented, pay cash taxes, have low financial leverage and can take advantage of bonus depreciation should outperform, Linenberg tells investors in a research note. He likes shares of Southwest (LUV), JetBlue (JBLU), Spirit Airlines (SAVE), Allegiant Travel (ALGT) and Alaska Air (ALK). Delta Air Lines (DAL) is his top pick among the majors.
02/10/17
IMPC
02/10/17
NO CHANGE
Target $101
IMPC
In-Line
Alaska Air price target raised to $101 from $84 at Imperial Capital
Imperial Capital analyst Michael Derchin raised his price target on Alaska Air to $101 from $84 following the closing of its acquisition of Virgin America. However, he sees merger integration as a short-term risk and maintains an In-Line rating on Alaska Air shares.

TODAY'S FREE FLY STORIES

RAVN

Raven

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1.15 (3.55%)

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Consol

$16.50

0.465 (2.90%)

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XENE

Xenon Pharmaceuticals

, AMGN

Amgen

$170.77

1.39 (0.82%)

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Periodicals
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BIIB

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RGEN

Repligen

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1.12 (3.43%)

VRTX

Vertex

$147.94

-0.72 (-0.48%)

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RIO

Rio Tinto

$47.70

0.065 (0.14%)

14:25
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VIAB

Viacom

$23.69

-0.92 (-3.74%)

14:25
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Options
Viacom call volume above normal and directionally bullish »

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General news
Action Economics Survey results »

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TWX

Time Warner

$88.79

0.7799 (0.89%)

, DIS

Disney

$103.63

0.03 (0.03%)

14:23
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Periodicals
'Justice League' grosses roughly $16M in opening day in China, Forbes says »

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TWX

Time Warner

$88.79

0.7799 (0.89%)

DIS

Disney

$103.63

0.03 (0.03%)

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$NSD

NASDAQ Market Internals

14:17
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Technical Analysis
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Volume is average for…

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$NYE

NYSE Market Internals

14:16
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Technical Analysis
NYSE market internals summary »

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PAAS

Pan American Silver

$14.77

-0.12 (-0.81%)

14:00
11/17/17
11/17
14:00
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14:00
Conference/Events
Pan American Silver investor and analyst day »

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  • 28

    Nov

TJX

TJX

$70.99

1.93 (2.79%)

14:00
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11/17
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Options
Notable options activity in TJX as shares see strength »

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PFSW

PFSweb

$6.80

0.21 (3.19%)

13:59
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PFSweb rallies after Ancora discloses activist stake »

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RH

RH

$103.86

-0.95 (-0.91%)

13:52
11/17/17
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Recommendations
RH analyst commentary  »

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HAIN

Hain Celestial

$38.49

1.76 (4.79%)

13:45
11/17/17
11/17
13:45
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13:45
Options
Hain Celestial call volume above normal and directionally bullish »

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PEG

PSEG

$51.40

0.015 (0.03%)

13:36
11/17/17
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Syndicate
Breaking Syndicate news story on PSEG »

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AWK

American Water

$89.05

-0.64 (-0.71%)

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Indiana American Water acquires Georgetown Water System for about $6.4M »

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COT

Cott Corp.

$16.86

0.36 (2.18%)

13:30
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Options
Cott Corp call buying continues »

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FX Action: USD-JPY »

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CC

Chemours

$52.23

0.705 (1.37%)

13:27
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  • 01

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General news
An exodus from U.S. high yield debt this week »

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STBZ

State Bank Financial

$28.69

0.21 (0.74%)

13:25
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Conference/Events
State Bank Financial participates in a conference call with SunTrust »

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  • 17

    Nov

HIBB

Hibbett Sports

$14.85

0.8 (5.69%)

13:24
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13:24
Recommendations
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  • 17

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FL

Foot Locker

$40.18

8.33 (26.15%)

13:23
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13:23
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13:23
Recommendations
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  • 17

    Nov

MS

Morgan Stanley

$48.67

0.065 (0.13%)

13:20
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Options
Morgan Stanley calls lead puts 9:1 »

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$NSD

NASDAQ Market Internals

13:17
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Technical Analysis
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