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ALK

Alaska Air

$68.23

2.445 (3.72%)

11:50
03/13/18
03/13
11:50
03/13/18
11:50

Alaska Air call volume 7x normal with shares up 4%

Alaska Air call volume 7x normal with shares up 4%. Over 4K contracts have traded this morning, with calls leading puts 4:1 and 60% of the volume in April, including 1K April 72.5 calls trading for an average of 64.8c, identified as an opening customer buyer.

ALK Alaska Air
$68.23

2.445 (3.72%)

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.
02/15/18
UBSW
02/15/18
DOWNGRADE
Target $70
UBSW
Neutral
Alaska Air downgraded to Neutral from Buy at UBS
UBS analyst Darryl Genovesi downgraded Alaska Air to Neutral from Buy as he believes consensus estimates are too high and in particular reflect too rosy a RASM view given progressively more intense competition in its network. Genovesi lowered his price target to $70 from $77 on Alaska Air shares.
02/15/18
02/15/18
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. Alaska Air (ALK) downgraded to Neutral from Buy at UBS with analyst Darryl Genovesi saying he believes consensus estimates are too high and in particular reflect too rosy a RASM view given progressively more intense competition in its network. 2. Patterson Companies (PDCO) downgraded to Underweight from Neutral at JPMorgan with analyst Michael Minchak saying the company faces more near-term headwinds and uncertainties relative to other names he covers. He believes it will take time for Patterson's initiatives to bear fruit. 3. Cemex (CX) downgraded to Sell from Buy at UBS with analyst Mauricio Serna says he expects the share selloff to continue given the company's "struggling" international operations and "still high" debt. 4. Atara Biotherapeutics (ATRA) downgraded to Sell from Neutral at Citi with analyst Yigal Nochomovitz saying the recent 200%-plus rally in the shares is not supported by fundamentals. 5. Tanger Factory (SKT) downgraded to Underperform from In Line at Evercore ISI. 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

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$49.32

-1.07 (-2.12%)

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Goldman Sachs

$193.30

-0.97 (-0.50%)

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WFC

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GS

Goldman Sachs

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FB

Facebook

$165.28

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WDC

Western Digital

$50.60

3.43 (7.27%)

11:25
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PEB

Pebblebrook Hotel

$32.07

0.34 (1.07%)

11:21
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Conference/Events
Pebblebrook Hotel management to meet with RBC Capital »

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  • 21

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BIIB

Biogen

$230.10

-90.37 (-28.20%)

11:21
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Downgrade
Biogen rating change  »

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  • 25

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AGCO

Agco

$68.12

0.15 (0.22%)

11:20
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Conference/Events
Agco management to meet with RBC Capital »

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  • 21

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IEX

IDEX Corp.

$150.73

2.31 (1.56%)

11:19
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Conference/Events
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  • 21

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ITGR

Integer

$85.72

0.28 (0.33%)

11:18
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Integer management to meet with RBC Capital »

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  • 21

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
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03/21
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Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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EB

Eventbrite

$20.84

0.75 (3.73%)

11:16
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Conference/Events
Eventbrite management to meet with RBC Capital »

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  • 21

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$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
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03/21
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Technical Analysis
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RCL

Royal Caribbean

$116.64

0.55 (0.47%)

11:15
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11:15
Options
Royal Caribbean put volume heavy and directionally bearish »

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11:15
03/21/19
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11:15
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General news
7-Yr Note Announcement CUSIP Number data reported »

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General news
7-Yr Note Announcement Offering Amount data reported »

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YELP

Yelp

$34.73

0.09 (0.26%)

11:14
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Conference/Events
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