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DAL

Delta Air Lines

$53.00

0.19 (0.36%)

16:31
07/19/18
07/19
16:31
07/19/18
16:31

Delta Air Lines, WestJet to create new transborder joint venture

Delta Air Lines (NYSE: DAL) and WestJet (TSX: WJA) have signed a definitive agreement to create a comprehensive transborder joint venture arrangement that will offer customers an extensive route network within the U.S. and Canada. The agreement deepens the existing codeshare partnership between the carriers and follows the signing of a memorandum of understanding in December 2017 announcing the intention to form a joint venture. The joint venture will provide substantial reach into Canada and the U.S. with transborder service to more than 30 cities covering over 95% of U.S.-Canada demand, providing customers of both airlines with more travel choices than ever before. The new JV will also enable Delta and WestJet to compete more effectively against other carriers. Upon receipt of regulatory approvals in Canada and the U.S., Delta and WestJet will work together to implement all aspects of the enhanced cooperation including expanded codesharing, more closely aligned frequent flyer program and reciprocal elite benefits, joint growth across their U.S./Canada transborder network, and co-location at key hubs with more seamless passenger and baggage transit. The agreement will also include the ability to cooperate on cargo accompanying passenger flights as well as corporate contracts.

DAL Delta Air Lines
$53.00

0.19 (0.36%)

07/02/18
DBAB
07/02/18
DOWNGRADE
Target $53
DBAB
Hold
Delta Air Lines downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Michael Linenberg downgraded Delta Air Lines to Hold and lowered his price target for the shares to $53 from $64.
07/03/18
DBAB
07/03/18
NO CHANGE
DBAB
Deutsche downgrades three airlines on 'headline risk' from trade dispute
Deutsche Bank analyst Michael Linenberg downgraded his ratings on American Airlines Group (AAL), Delta Air Lines (DAL) and United Continental (UAL) to Hold from Buy. The analyst cut his price target for American to $43 from $60, for Delta to $53 from $64 and for United to $74 from $81. In a world of "heightened" macroeconomic and geopolitical risks, economically-sensitive, high beta stocks such as airlines typically underperform the broader market, Linenberg tells investors in a research note. The possibility that the current trade dispute between the U.S. and its global partners could become something bigger is problematic for the airline industry's sales growth, the analyst adds. Further, Linenberg argues, the growing trade dispute may cause U.S. companies to reconsider their spending and employment plans, which would adversely impact corporate travel. As a result, the analyst sees "headline risk" and a lack of near-term catalysts for the airline stocks. He keeps Buy ratings on Alaska Air (ALK), Allegiant Travel (ALGT), JetBlue Airways (JBLU), Southwest Airlines (LUV), Spirit Airlines (SAVE) and SkyWest (SKYW).
07/03/18
07/03/18
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. United Continental (UAL), American Airlines (AAL), and Delta Airlines (DAL) downgraded to Hold from Buy at Deutsche Bank with analyst Michael Linenberg saying in a world of "heightened" macroeconomic and geopolitical risks, economically-sensitive, high beta stocks such as airlines typically underperform the broader market. 2. Belmond (BEL) downgraded to Underweight from Overweight at Barclays with analyst Felicia Hendrix citing an analysis of the company's progress on its growth targets announced back in June 2016. 3. PSEG (PEG) downgraded to Hold from Buy at Deutsche Bank with analyst Jonathan Arnold saying The Federal Energy Regulatory Commission order raised new questions over New Jersey zero-emission credits. 4. PepsiCo (PEP) downgraded to Hold from Buy at Deutsche Bank with analyst Stephen Powers viewing the current valuation as a "bit bubbly." 5. Watsco (WSO), Fastenal (FAST), and Grainger (GWW) downgraded to Neutral from Outperform at Baird with analyst David Manthey saying he thinks the cycle and individual company results could remain solid for quarters or years to come, but he believes the cycle is in its later stages, thereby elevating risks to gross margins, rising labor costs, and earnings deceleration in 2019. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/16/18
LEHM
07/16/18
NO CHANGE
Target $68
LEHM
Equal Weight
Barclays lowers Airlines targets to reflect 'more realistic' valuations
Barclays analyst Brandon Oglenski reduced his price targets across the North America Airlines group to reflect near-term earnings headwinds from higher fuel prices as well as a "more realistic valuation outlook." Nonetheless, domestic U.S. demand "appears quite strong," with 2018 industry revenue expected to expand high single digits, Oglenski tells investors in a research note. He believes discussion of incremental capacity reductions through earrings season could help put a floor in stock prices. The analyst lowered his price target for Underweight-rated Allegiant Travel Company (ALGT) to $117 from $135, for Equal Weight-rated Alaska Air Group (ALK) to $68 from $80, for Overweight-rated American Airlines Group (AAL) to $60 from $68, for Overweight-rated Delta Air Lines (DAL) to $62 from $73, for Overweight-rated JetBlue Airways (JBLU) to $27 from $29, for Equal Weight-rated Southwest Airlines (LUV) to $65 from $74, for Equal Weight-rated Spirit Airlines (SAVE) to $42 from $49 and for Overweight-rated United Continental Holdings (UAL) to $78 from $80.

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Rattler Midstream

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$61.29

-2.23 (-3.51%)

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Acadia

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-0.33 (-1.31%)

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Neurocrine

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Sage Therapeutics

$173.51

-1.49 (-0.85%)

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IDYA

IDEAYA Biosciences

$0.00

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CZR

Caesars

$8.96

-0.155 (-1.70%)

10:35
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10:30
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RTLR

Rattler Midstream

$0.00

(0.00%)

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Breaking Syndicate news story on Rattler Midstream »

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AGR

Avangrid

$50.37

-0.04 (-0.08%)

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AMX

America Movil, also tag AMOV

$14.15

-0.19 (-1.33%)

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Call buyer opens a notable new position in American Movil »

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RTLR

Rattler Midstream

$0.00

(0.00%)

, FANG

Diamondback Energy

$103.16

-5.71 (-5.24%)

10:19
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Syndicate
Breaking Syndicate news story on Rattler Midstream, Diamondback Energy »

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RTLR

Rattler Midstream

$0.00

(0.00%)

FANG

Diamondback Energy

$103.16

-5.71 (-5.24%)

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$NSD

NASDAQ Market Internals

$0.00

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$NYE

NYSE Market Internals

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SUNW

Sunworks

$0.68

0.0226 (3.42%)

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RTLR

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$0.00

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, FANG

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$102.97

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$0.00

(0.00%)

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$102.97

-5.9 (-5.42%)

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TSLA

Tesla

$197.24

5.85 (3.06%)

10:15
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Periodicals
Musk says Tesla produced 900 Model 3s per day this week, Reuters reports »

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  • 11

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SBUX

Starbucks

$76.11

-1.12 (-1.45%)

10:15
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