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SKYW

SkyWest

$43.90

0.05 (0.11%)

, DAL

Delta Air Lines

$48.22

-0.09 (-0.19%)

08:39
10/02/17
10/02
08:39
10/02/17
08:39

SkyWest announces additional order of 20 new aircraft, new flying agreements

SkyWest (SKYW) reported that it has entered into aircraft purchase agreements and capacity purchase agreements to acquire and fly 15 additional new aircraft with Delta Air Lines (DAL) and five additional new aircraft with Alaska Airlines (ALK). Expected delivery dates for the 20 aircraft run from September 2017 through the end of 2018. These aircraft will be operated by SkyWest Airlines, a wholly owned subsidiary of SkyWest. Of the 20 aircraft, 15 Embraer (ERJ) E175 SC aircraft will fly under an agreement with Delta in a 70-seat configuration. The E175 SC aircraft has an E175 airframe and can be retrofitted to 76 seats in the future. The agreement with Alaska includes five Embraer E175s, with a 76-seat configuration, similar to aircraft SkyWest has previously placed into service with Alaska. Combined with last month's announcement for 25 new aircraft, today's announcement results in a cumulative order of 45 new aircraft. Similar structurally to SkyWest's acquisition of 104 E175s, SkyWest expects to invest approximately $161M in cash to acquire these 45 aircraft, and to finance the balance of the purchase price with debt. The expected delivery dates for the 45 aircraft run from September 2017 through the end of 2018, with the majority of the deliveries scheduled for mid-2018.

SKYW

SkyWest

$43.90

0.05 (0.11%)

DAL

Delta Air Lines

$48.22

-0.09 (-0.19%)

ALK

Alaska Air

$76.27

0.4 (0.53%)

ERJ

Embraer

$22.61

-0.06 (-0.26%)

  • 29

    Nov

  • 30

    Nov

SKYW SkyWest
$43.90

0.05 (0.11%)

03/24/17
IMPC
03/24/17
INITIATION
Target $38
IMPC
In-Line
SkyWest initiated with an In-Line at Imperial Capital
Imperial Capital analyst Michael Derchin started SkyWest with an In-Line rating and $38 price target.
03/24/17
03/24/17
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. American Express (AXP) initiated with a Neutral at Tigress Financial. 2. Zosano Pharma (ZSAN) initiated with an Overweight at Piper Jaffray. 3. SkyWest (SKYW) initiated with an In-Line at Imperial Capital. 4. Statoil (STO) initiated with an Underperform at Macquarie. 5. Cogent (CCOI) initiated with a Buy at Deutsche Bank. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
04/13/17
RAJA
04/13/17
UPGRADE
Target $42
RAJA
Strong Buy
SkyWest upgraded to Strong Buy on valuation at Raymond James
Raymond James analyst Savanthi Syth upgraded SkyWest to Strong Buy from Outperform and maintained a $42 price target telling investors the substantial decline in shares with no new information creates an attractive entry point. The analyst said SkyWest offers multi-year margin expansion and large free-cash-flow generation.
04/13/17
04/13/17
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. Cognizant (CTSH) upgraded to Buy from Hold at SunTrust with analyst Frank Atkins saying immigration reform/Border-Adjusted-Tax remains a risk, but said the issues are well known and reflected in valuation. 2. NuStar Energy (NS) upgraded to Neutral from Underperform at Credit Suisse with analyst John Edwards citing the Navigator Energy Services acquisition. The analyst also raised his price target on the shares to $53 from $52. 3. SkyWest (SKYW) upgraded to Strong Buy on valuation at Raymond James with analyst Savanthi Syth telling investors the substantial decline in shares with no new information creates an attractive entry point. 4. Callon Petroleum (CPE) upgraded to Buy from Neutral at Euro Pacific with analyst Joel Musante citing the recent pullback in commodity prices, its strong balance sheet, and high quality prospects in the Midland and Delaware Basins. 5. KB Home (KBH) upgraded to Market Perform from Underperform at Raymond James with analyst Buck Horne saying he is encouraged and optimistic about first quarter demand for home builders and said corporate tax reform looks like a 2018 event, which may reduce concerns about a material impairment to KB's $7.67/share of deferred tax assets. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
DAL Delta Air Lines
$48.22

-0.09 (-0.19%)

09/27/17
STFL
09/27/17
NO CHANGE
STFL
Big 4 airlines' exposure to Spirit lower than thought, says Stifel
Stifel analyst Joseph DeNardi believes that sell side analysts at other firms may be overstating the degree of overlap that the "Big 4" airlines - American Airlines (AAL), Delta (DAL), Southwest (LUV) and United Continental (UAL) - have with Spirit (SAVE) by not accurately adjusting to include only routes operated within the same time period as competitors. Adjusting to within a 2 hour time channel, he estimates only 5% of United's and Delta's total ASMs are directly exposed to Spirit, while 8% of American's ASMs and 11% of Southwest's are exposed, he tells investors. If United is hoping to influence Spirit's growth, it may choose to continue to compete aggressively, but if its goal is to improve margins, he would expect pricing to stabilize, DeNardi tells investors.
09/25/17
MACQ
09/25/17
INITIATION
Target $61
MACQ
Outperform
Delta Air Lines initiated with an Outperform at Macquarie
Macquarie analyst Susan Donofrio initiated Delta Air Lines with an Outperform and $61 price target based on expectations it will maintain its leadership position in setting new standards for initiatives, such as its Branded Fair product, and shareholder returns. Donofrio notes Delta has shown disciplined capacity growth and cost constraints.
09/21/17
UBSW
09/21/17
NO CHANGE
UBSW
Recent correction in airline stocks overdone, says UBS
UBS analyst Darryl Genovesi noted that United Continental (UAL) and Alaska Air (ALK) are down about 20% while Delta (DAL) and American (AAL) have fallen about 10% so far in Q3 as the fare-matching narrative has re-surfaced and estimates for fuel costs have risen. However, he views the recent correction as overdone and thinks the airline group as a whole, which was cheap before, is cheaper now without the forward earnings growth outlook being any worse. Genovesi, who doesn't see evidence of a demand drop off in the travel agency data he tracks, thinks Q3 RASM weakness is predominantly "self-inflicted" by oversupply. Other publicly traded companies in the space include JetBlue (JBLU) and Southwest (LUV).
09/27/17
JPMS
09/27/17
NO CHANGE
Target $63
JPMS
Overweight
Delta price target lowered to $63 on revised profit sharing plan at JPMorgan
JPMorgan analyst Jamie Baker noted that Delta will harmonize its two existing profit sharing agreements to follow the higher, more expensive plan as of October 1, which prompted him to raise his estimated 2018 profit share expense by $416M to $1.3B and his 2019 expense estimate by $377M to about $1.5B. He lowered his price target on Delta to $63 from $67 to account for the higher expense estimates, but said the news does not change his thesis and he keeps an Overweight rating on the stock.
ALK Alaska Air
$76.27

0.4 (0.53%)

09/25/17
MACQ
09/25/17
INITIATION
Target $94
MACQ
Outperform
Alaska Air initiated with an Outperform at Macquarie
Macquarie analyst Susan Donofrio initiated Alaska Air with an Outperform and $94 price target. The analyst believes shares will outperform due to balance sheet strength and new revenue growth opportunities from the merger with Virgin America. Donofrio also expects cost initiatives will mitigate the impact from higher wage costs and for shares to benefit from management's focus on shareholder value.
07/10/17
OPCO
07/10/17
NO CHANGE
OPCO
Oppenheimer recommends buying American Airlines, United Continental
Oppenheimer analyst Ari Wald continues to make the case that interest rates are bottoming, reflationary sectors are positioned for a stronger second half, and market internals should strengthen as well. The analyst sees additional upside for both Banks and Transports, and within the last, its high-conviction idea is to keep buying airlines, such as Alaska Air (ALK), American Airlines (AAL), Delta Air Lines (DAL), JetBlue (JBLU), Southwest (LUV), and United Continental (UAL). Elsewhere in Transports, Wald is bullish on the breakout in shares of FedEx (FDX) and Old Dominion (ODFL), and views Norfolk Southern (NSC) and Landstar System (LSTR) as attractive pre-breakout candidates.
06/29/17
BOFA
06/29/17
NO CHANGE
BOFA
BofA/Merrill raises Airline estimates, Delta and Southwest best positioned
BofA/Merrill analyst Andrew Didora raised Airline estimates and price target to reflect lower fuel pricing and remains positive on the industry said to remain selective into second-half 2017. The analyst believes Buy rated Delta Air Lines (DAL) and Southwest (LUV) are best positioned for sequential unit revenue improvement in the second half due to decelerating and easing comps and raised their price targets to $71 and $75 from $64 and $62, respectively. The analyst expects capacity to increase modestly in 2018 to +3.4% from +2.8% in 2017 and expects Delta to accelerate capacity growth to +1.9% and Southwest to +5%. As part of the sector note, Didora raised Buy rated United Continental's (UAL) price target to $105 from $85, Alaska Air's (ALK) to $120 from $115, Spirit Airlines' (SAVE) down to $68 from $75, and raised Underperform rated American Airlines' (AAL) to $42 from $40 and lowered Hawaiian Holdings' (AAL) to $43 from $47.
ERJ Embraer
$22.61

-0.06 (-0.26%)

12/01/16
12/01/16
UPGRADE

Embraer upgraded to Buy from Neutral at BTG Pactual
06/21/17
06/21/17
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. Intel (INTC) downgraded to Neutral from Buy at BofA/Merrill with analyst Vivek Arya saying he fears increased competition from AMD (AMD) in servers and Nvidia (NVDA) share gains in AI and accelerators could limit Intel's average selling price expansion, which he notes has been a key source of its growth. Arya cut his price target on Intel shares to $38 from $42. 2. Target (TGT) downgraded to Neutral from Buy at Citi. 3. Chevron (CVX) downgraded to Neutral from Outperform at Macquarie. 4. Schlumberger (SLB) downgraded to Equal Weight from Overweight at Barclays with analyst J. David Anderson saying that based on strip prices and the firm's oil price forecast he expects 2018 North America E&P spending to be up about 10-15%. 5. Embraer (ERJ) downgraded to Market Perform from Outperform at Cowen with analyst Cai Von Rumohrciting the increasing likelihood of a transitional earnings dip as E2 enters production with another year of cash outflow in 2018. Although 2019 looks notionally better, the stock faces a tough earnings revision set-up in the second half of this year. Von Rumohr lowered his price target to $24 from $27 on Embraer shares. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/21/17
COWN
06/21/17
DOWNGRADE
Target $24
COWN
Market Perform
Embraer downgraded to Market Perform from Outperform at Cowen
Cowen analyst Cai Von Rumohr downgraded Embraer to Market Perform from Outperform to reflect the increasing likelihood of a transitional earnings dip as E2 enters production with another year of cash outflow in 2018. Although 2019 looks notionally better, the stock faces a tough earnings revision set-up in the second half of this year. Von Rumohr lowered his price target to $24 from $27 on Embraer shares.
08/10/17
08/10/17
DOWNGRADE
Target $18

Sell
Embraer downgraded to Sell from Buy at Goldman Sachs
As previously reported, Goldman Sachs analyst Noah Poponak downgraded Embraer to Sell from Buy and lowered his price target on the stock to $18 from $26 saying he expects new margin headwinds going forward. Poponak said challenges remain in business jet and Brazil Defense and believes EBIT and cash flow could disappoint given weak volumes and pricing ahead. He also notes a cost reduction plan has already been implemented.

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CCB

Coastal Financial

$0.00

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CRNX

Crinetics

$0.00

(0.00%)

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Syndicate
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NSTG

NanoString

$12.74

-2.36 (-15.63%)

21:07
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ALV

Autoliv

$106.86

1.57 (1.49%)

21:06
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21:06
Downgrade
Autoliv rating change at Wells Fargo »

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VC

Visteon

$131.71

3.58 (2.79%)

21:06
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Downgrade
Visteon rating change at Wells Fargo »

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ABT

Abbott

$62.84

1.05 (1.70%)

, MS

Morgan Stanley

$49.20

0.29 (0.59%)

20:25
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Earnings
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ABT

Abbott

$62.84

1.05 (1.70%)

MS

Morgan Stanley

$49.20

0.29 (0.59%)

USB

U.S. Bancorp

$51.29

-0.01 (-0.02%)

TXT

Textron

$66.81

0.14 (0.21%)

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ADTN

Adtran

$16.05

0.1 (0.63%)

20:14
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Earnings
Adtran reports Q2 adjusted EPS (10c), two estimates (32c) »

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FSBW

FS Bancorp

$61.64

-1.86 (-2.93%)

, ANCB

Anchor Bancorp

$28.50

0.3 (1.06%)

20:09
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Hot Stocks
FS Bancorp to merge with Anchor Bancorp in $77M deal »

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FSBW

FS Bancorp

$61.64

-1.86 (-2.93%)

ANCB

Anchor Bancorp

$28.50

0.3 (1.06%)

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CGC

Canopy Growth

$26.41

-1.19 (-4.31%)

20:06
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07/17
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Breaking Hot Stocks news story on Canopy Growth  »

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BA

Boeing

$356.95

0.94 (0.26%)

19:10
07/17/18
07/17
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Hot Stocks
Boeing awarded $3.9B government contract »

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  • 25

    Jul

MRTN

Marten Transport

$22.10

(0.00%)

, UAL

United Continental

$72.66

0.38 (0.53%)

19:03
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Hot Stocks
On The Fly: After Hours Movers »

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MRTN

Marten Transport

$22.10

(0.00%)

UAL

United Continental

$72.66

0.38 (0.53%)

CSX

CSX

$64.42

0.46 (0.72%)

MLNX

Mellanox

$84.85

0.9 (1.07%)

IBKR

Interactive Brokers

$64.65

1.93 (3.08%)

HCSG

Healthcare Services

$42.38

-0.3297 (-0.77%)

TXN

Texas Instruments

$115.80

1.21 (1.06%)

SAH

Sonic Automotive

$20.45

0.3 (1.49%)

CARA

Cara Therapeutics

$21.60

0.435 (2.06%)

CASI

Casi Pharmaceuticals

$7.26

-0.215 (-2.88%)

TLYS

Tilly's

$15.35

0.21 (1.39%)

CLX

Clorox

$135.00

0.71 (0.53%)

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BHP

BHP Billiton

$48.73

0.24 (0.49%)

18:38
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BHP Billiton sees FY19 copper equivalent output broadly in line with FY18 »

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BHP

BHP Billiton

$48.73

0.24 (0.49%)

18:35
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Hot Stocks
BHP Billiton reports Q4 petroleum production 49 MMBOE, down 6% »

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CLX

Clorox

$135.00

0.71 (0.53%)

18:31
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  • 02

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NCS

NCI Building

$20.70

0.15 (0.73%)

18:27
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NCI Building Systems, Ply Gem Parent to combine in stock-for-stock merger »

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AMX

America Movil, also tag AMOV

$17.39

-0.35 (-1.97%)

, AMOV

America Movil, also tag AMX

$17.45

-0.19 (-1.08%)

18:16
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18:16
Earnings
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Reports Q2 revenue…

AMX

America Movil, also tag AMOV

$17.39

-0.35 (-1.97%)

AMOV

America Movil, also tag AMX

$17.45

-0.19 (-1.08%)

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AMZN

Amazon.com

$1,844.00

21.98 (1.21%)

18:08
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18:08
Recommendations
Amazon.com analyst commentary at Piper Jaffray »

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BRK.A

Berkshire Hathaway

$288,482.00

-1118 (-0.39%)

, BRK.B

Berkshire Hathaway

$190.47

-1.52 (-0.79%)

18:06
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07/17
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18:06
Hot Stocks
Berkshire Hathaway amends share repurchase program »

The Board of Directors of…

BRK.A

Berkshire Hathaway

$288,482.00

-1118 (-0.39%)

BRK.B

Berkshire Hathaway

$190.47

-1.52 (-0.79%)

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PNFP

Pinnacle Financial

$60.10

-0.5 (-0.83%)

18:02
07/17/18
07/17
18:02
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18:02
Earnings
Pinnacle Financial reports Q2 EPS $1.15, consensus $1.14 »

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  • 18

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CHDN

Churchill Downs

$304.60

1.1 (0.36%)

18:02
07/17/18
07/17
18:02
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18:02
Hot Stocks
Churchill Downs receives approval to increase historical racing machines »

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  • 02

    Aug

CE

Celanese

$110.22

1.6 (1.47%)

18:01
07/17/18
07/17
18:01
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18:01
Hot Stocks
Celanese announces acetic acid price increases in Asia »

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  • 20

    Jul

BLK

BlackRock

$504.89

1.14 (0.23%)

17:51
07/17/18
07/17
17:51
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17:51
Hot Stocks
BlackRock raises quarterly dividend to $3.13 from $2.88 per share »

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DRNA

Dicerna

$12.47

0.57 (4.79%)

17:45
07/17/18
07/17
17:45
07/17/18
17:45
Conference/Events
Dicerna management to meet with SunTrust »

Group dinner to be held…

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  • 17

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