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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

SPY

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TDG

TransDigm

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KDMN

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ASR

Asur

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KZIA

Kazia Therapeutics

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OBE

Obsidian Energy

$0.98

0.0183 (1.91%)

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OBE

Obsidian Energy

$0.98

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SSRM

SSR Mining

$8.33

0.06 (0.73%)

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SSRM

SSR Mining

$8.33

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IVC

Invacare

$17.97

-0.28 (-1.53%)

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SHCAY

Sharp

$8.21

-0.025 (-0.30%)

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GM

General Motors

$40.91

0.35 (0.86%)

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GM seeks South Korean aid to bolster local unit, Nikkei Asian Review reports »

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SJI

South Jersey Industries

$26.34

0.23 (0.88%)

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TRTN

Triton International

$28.16

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SJI

South Jersey Industries

$26.34

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PAA

Plains All American

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STX

Seagate

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WDC

Western Digital

$85.53

-0.14 (-0.16%)

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HPQ

HP Inc.

$21.39

0.22 (1.04%)

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BKD

Brookdale Senior Living

$7.18

-1.72 (-19.33%)

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AQMS

Aqua Metals

$2.62

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PBA

Pembina Pipeline

$32.31

-0.1271 (-0.39%)

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