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LUV

Southwest

$58.14

1.15 (2.02%)

06:31
02/07/18
02/07
06:31
02/07/18
06:31

Southwest reports January traffic up 6.6%

Southwest Airlines reported its January preliminary traffic statistics. The company flew 9.7B revenue passenger miles, or RPMs, in January 2018, an increase of 4% from the 9.4B RPMs flown in January 2017. Available seat miles, or ASMs, increased 1.9% to 12.5B in January 2018, compared with January 2017 ASMs of 12.3B. The January 2018 load factor was a record for the month of January at 77.8%, compared with 76.3% in January 2017.

LUV Southwest
$58.14

1.15 (2.02%)

01/26/18
COWN
01/26/18
NO CHANGE
COWN
Airline sector weakness a buying opportunity, says Cowen
Cowen analyst Helane Becker noted airline stocks came under pressure as investors grew concerned about capacity growth by United Continental (UAL) and fears it would destroy the fare structure. The analyst noted the capacity growth is in small markets where they might make a difference but that RASM is up year-over-year. Becker would be a buyer of Alaska Air (ALK), Delta Air (DAL), American Airlines (AAL) and Southwest Air (LUV) on the pullback, but would avoid United Continental shares.
01/30/18
JPMS
01/30/18
DOWNGRADE
Target $70
JPMS
Neutral
Southwest downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Jamie Baker downgraded Southwest Airlines to Neutral while raising his price target for the shares to $70 from $67. The analyst believes better relative value exists elsewhere in the Airlines sector.
01/30/18
JPMS
01/30/18
DOWNGRADE
Target $67
JPMS
Underweight
Alaska Air downgraded to Underweight from Neutral at JPMorgan
JPMorgan analyst Jamie Baker downgraded Alaska Air Group (ALK) to Underweight and lowered his price target for the shares to $67 from $74. The analyst notes that Alaska Air is the only name where he had to cut his 2019 estimates. He also believes the company "remains in the United crosshairs in San Francisco." Alaska is also slightly more expensive than JetBlue on 2019 earnings, Baker tells investors in a research note. The analyst this morning also Southwest (LUV) to Neutral and upgraded both JetBlue (JBLU) and United Continental (UAL) to Overweight.
01/30/18
01/30/18
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. AbbVie (ABBV) downgraded to Underperform from Market Perform by analyst Alex Arfaei, who said the risk/reward has "meaningfully changed" after the rise in the stock price, adding that the new focus on fundamentals beyond the benefits of tax reform suggests "significant price erosion in immunology driven by interchangeable biosimilar anti-TNFs, and lower effectiveness of the 'Rebate Trap' to block access to cheap biosimilars". 2. iRobot (IRBT) downgraded to Neutral from Buy at Sidoti by analyst Frank Camma, who cited valuation as shares approach his $98 price target. 3. Horizon Global (HZN) downgraded to Market Perform from Outperform at BMO Capital by analyst Gerrick Johnson, who said that while he still sees "strong demand in key end markets," operation execution, rising input costs, and high debt levels are concerning. The analyst added that the company may have "lost the faith of investors" after a 30% drop in the stock price following the guidance cut. 4. Yum! Brands (YUM) downgraded to Neutral from Buy at Nomura Instinet by analyst Mark Kalinowshi, who cited valuation and concerns a possible 2018 slowdown in U.S. same-store-sales. 5. Alaska Air (ALK) downgraded to Underweight from Neutral at JPMorgan by analyst Jamie Baker, who noted that the airline is the only name where he had to cut his 2019 estimates. He also believes the company "remains in the United crosshairs in San Francisco." The analyst also downgraded Southwest (LUV) to Neutral from Overweight, and said he believes better relative value exists elsewhere in the Airlines sector. 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

ENIA

Enel Americas

$9.25

-0.08 (-0.86%)

19:01
06/17/18
06/17
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UL

Unilever; also tag UN

$54.26

0.64 (1.19%)

, UN

Unilever; also tag UL

$54.74

0.7 (1.30%)

18:55
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18:55
Periodicals
Unilever taking stand against digital media's fake followers, Reuters says »

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UL

Unilever; also tag UN

$54.26

0.64 (1.19%)

UN

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$54.74

0.7 (1.30%)

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TWX

Time Warner

$98.91

(0.00%)

, CMCSA

Comcast

$33.85

0.03 (0.09%)

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TWX

Time Warner

$98.91

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CMCSA

Comcast

$33.85

0.03 (0.09%)

CMCSK

Comcast

$0.00

(0.00%)

SNE

Sony

$49.11

-0.02 (-0.04%)

FOX

21st Century Fox

$44.57

0.14 (0.32%)

FOXA

21st Century Fox

$44.60

0.03 (0.07%)

LGF.A

Lionsgate

$26.57

1.52 (6.07%)

DIS

Disney

$108.91

0.15 (0.14%)

VIAB

Viacom

$29.40

0.49 (1.69%)

VIA

Viacom

$33.95

0.15 (0.44%)

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OAS

Oasis Petroleum

$12.01

-0.63 (-4.98%)

, OMP

Oasis Midstream Partners

$17.29

-1.02 (-5.57%)

16:46
06/17/18
06/17
16:46
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16:46
Conference/Events
JPMorgan to hold a conference »

3rd Annual Energy Equity…

OAS

Oasis Petroleum

$12.01

-0.63 (-4.98%)

OMP

Oasis Midstream Partners

$17.29

-1.02 (-5.57%)

SRCE

1st Source

$55.36

0.13 (0.24%)

LGCY

Legacy Reserves

$6.07

-0.03 (-0.49%)

EVA

Enviva

$29.35

0.15 (0.51%)

CRC

California Resources

$35.03

-2.57 (-6.84%)

INSM

Insmed

$26.74

-1.5 (-5.31%)

03/08/13
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  • 18

    Jun

  • 28

    Sep

16:43
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06/17
16:43
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16:43
Conference/Events
Leerink to hold a tour »

Ribs N' Bones Bus…

16:40
06/17/18
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16:40
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16:40
Conference/Events
Citigroup to hold a conference »

2018 European Healthcare…

GM

General Motors

$43.91

0.32 (0.73%)

, FCAU

Fiat Chrysler

$20.86

-0.37 (-1.74%)

16:38
06/17/18
06/17
16:38
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16:38
Periodicals
Automakers putting smaller engines into big trucks, WSJ reportsFord »

U.S. auto makers are…

GM

General Motors

$43.91

0.32 (0.73%)

FCAU

Fiat Chrysler

$20.86

-0.37 (-1.74%)

F

Ford

$11.88

-0.01 (-0.08%)

03/08/13
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03/08/13
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  • 20

    Jun

MSFT

Microsoft

$100.24

-1.14 (-1.12%)

, GOOGL

Alphabet Class A

$1,159.03

-1.08 (-0.09%)

16:34
06/17/18
06/17
16:34
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16:34
Periodicals
Microsoft is fixing office, WSJ reports »

The new version of…

MSFT

Microsoft

$100.24

-1.14 (-1.12%)

GOOGL

Alphabet Class A

$1,159.03

-1.08 (-0.09%)

GOOG

Alphabet

$1,151.95

-0.05 (-0.00%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 18

    Jun

  • 28

    Oct

16:34
06/17/18
06/17
16:34
06/17/18
16:34
Conference/Events
Deutsche Bank to hold a conference »

Taiwan Auto Electronics…

WFC

Wells Fargo

$54.99

0.23 (0.42%)

, MS

Morgan Stanley

$51.17

-0.12 (-0.23%)

16:33
06/17/18
06/17
16:33
06/17/18
16:33
Conference/Events
Federal Reserve Bank of New York to hold a conference »

Reforming Culture &…

WFC

Wells Fargo

$54.99

0.23 (0.42%)

MS

Morgan Stanley

$51.17

-0.12 (-0.23%)

BAC

Bank of America

$29.27

-0.24 (-0.81%)

C

Citi

$66.34

0.18 (0.27%)

WBK

Westpac Banking

$20.67

0.125 (0.61%)

GS

Goldman Sachs

$232.00

-1.695 (-0.73%)

BCS

Barclays

$10.59

-0.225 (-2.08%)

03/08/13
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03/08/13
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03/06/13
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  • 18

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F

Ford

$11.88

-0.01 (-0.08%)

16:25
06/17/18
06/17
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Ford acquires Michigan Central Station »

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BMY

Bristol-Myers

$54.81

1.165 (2.17%)

16:22
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Bristol-Myers' ELOQUENT-3 trial meets primary endpoint »

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  • 26

    Jun

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PTCT

PTC Therapeutics

$37.57

-0.75 (-1.96%)

, RHHBY

Roche

$0.00

(0.00%)

16:18
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PTC Therapeutics presents updated preliminary data from SMA FIREFISH Program »

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PTCT

PTC Therapeutics

$37.57

-0.75 (-1.96%)

RHHBY

Roche

$0.00

(0.00%)

03/08/13
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CYTK

Cytokinetics

$9.95

0.5 (5.29%)

16:15
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Cytokinetics announces data from Phase 2 clinical study of Reldesemtiv in SMA »

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PERY

Perry Ellis

$27.92

0.31 (1.12%)

16:12
06/17/18
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16:12
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Perry Ellis enters into $437M transaction to become private company »

Perry Ellis International…

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VSTM

Verastem

$6.53

0.95 (17.03%)

16:08
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Verastem presents duvelisib data at EHA 2018 annual meeting »

Verastem announced one…

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  • 05

    Oct

IQ

iQIYI

$40.16

-0.44 (-1.08%)

16:05
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06/17
16:05
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16:05
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iQIYI obtains broadcasting rights for all four golf majors »

iQIYI announced it had…

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HD

Home Depot

$200.55

0.86 (0.43%)

15:56
06/17/18
06/17
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15:56
Conference/Events
Home Depot participates in a field trip with UBS »

Field Trip to Atlanta, GA…

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PAY

Verifone

$22.84

0.01 (0.04%)

15:28
06/17/18
06/17
15:28
06/17/18
15:28
Conference/Events
Verifone to host special shareholder meeting »

Special Shareholder…

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CACI

CACI

$167.60

1.1 (0.66%)

14:18
06/17/18
06/17
14:18
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14:18
Conference/Events
CACI to hold a webcast »

Management discusses…

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  • 21

    Jun

ARGX

Argenx

$92.38

-3.32 (-3.47%)

14:11
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06/17
14:11
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14:11
Conference/Events
Argenx to hold a KOL breakfast symposium »

Management holds a Key…

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  • 20

    Jun

PTC

PTC

$94.87

-0.46 (-0.48%)

14:06
06/17/18
06/17
14:06
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14:06
Conference/Events
PTC to host analyst day »

Analyst Day to be held in…

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13:41
06/17/18
06/17
13:41
06/17/18
13:41
Conference/Events
Federal Reserve Bank of Atlanta president speaks at a meeting »

Atlanta Federal Reserve…

VRX

Valeant

$26.86

0.06 (0.22%)

13:31
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06/17
13:31
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13:31
Conference/Events
Breaking Conference/Events news story on Valeant »

FDA PDUFA Date for…

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  • 18

    Jun

  • 27

    Aug

WMGI

Wright Medical

$25.83

-0.26 (-1.00%)

13:27
06/17/18
06/17
13:27
06/17/18
13:27
Conference/Events
Wright Medical management to meet with Leerink »

Meeting to be held on…

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  • 18

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