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UAL

United Continental

$94.83

0.83 (0.88%)

, LUV

Southwest

$52.31

-0.97 (-1.82%)

08:56
07/18/19
07/18
08:56
07/18/19
08:56

Stephens surprised United Continental 'isn't getting more love' after earnings

After United Continental (UAL) reported "strong" Q2 results and gave commentary that points to the upper-end, or perhaps above, its FY19 guidance, Stephens analyst Jack Atkins said he has "a hard time understanding why United isn't getting more love." The stock's multiple is below those of peers Southwest (LUV) and Delta Air Lines (DAL), noted Atkins, who does not believe the current valuation reflects the company's execution track record over the past 18 months. He keeps an Overweight rating on United shares and raised his price target on the stock to $112 from $107.

UAL

United Continental

$94.83

0.83 (0.88%)

LUV

Southwest

$52.31

-0.97 (-1.82%)

DAL

Delta Air Lines

$62.24

-0.93 (-1.47%)

  • 25

    Jul

  • 13

    Nov

  • 12

    Dec

UAL United Continental
$94.83

0.83 (0.88%)

06/06/19
06/06/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. AMD (AMD) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Joseph Moore saying he still remains concerned that consensus forecasts for AMD in the second half of 2019 are too high, Moore acknowledges that "being cautious on the stock has obviously been the wrong call." 2. United Continental (UAL) upgraded to Buy from Neutral at Goldman Sachs with analyst Catherine O'Brien saying she sees a better risk/reward for the shares relative to Spirit Airlines (SAVE), a stock she downgraded this morning to Neutral from Buy. 3. Digital Realty (DLR) upgraded to Outperform from Market Perform at Raymond James with analyst Frank Louthan saying after he met with management, he now sees Digital Realty being poised to reverse recent underperformance compared to the group, contending that its diversified base should be a strength. 4. Outfront Media (OUT) upgraded to Outperform from In-Line at Imperial Capital with analyst David Miller saying he increased his estimates for fiscal 2019 and 2020 due the company's share gains against other forms of media. His higher estimates for 2020 are due to a "more robust" outlook for Outfront's transit business, particularly digital signage in New York City. 5. Flex (FLEX) upgraded to Conviction Buy from Neutral at Goldman Sachs with analyst Mark Delaney saying he had been concerned about the potential overhang from a "handful of issues," including the company's CEO search, the size of its CTG program exits and the resulting impact on earnings, and macroeconomic risk. He believes, however, that these issues now have more clarity and are priced into the stock. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/13/19
JPMS
06/13/19
NO CHANGE
JPMS
JPMorgan notes airline fare hike, doesn't see domestic 'resilience' as priced in
JPMorgan analyst Jamie Baker said he was "surprised" to see domestic fares rising again after a price hike five weeks ago, noting that Southwest (LUV) joined with an increase overnight. Given "the crescendo of inquiries as to why, and nary a question on fares," Baker said he is confident that increased domestic fare resilience is not yet priced into airline stocks. Other publicly traded airlines include Alaska Air (ALK), American Airlines (AAL), Delta Air Lines (DAL), JetBlue (JBLU), Spirit Airlines (SAVE) and United Continental (UAL).
06/13/19
JPMS
06/13/19
NO CHANGE
JPMS
American, Southwest raised domestic rates in last two days, says JPMorgan
JPMorgan analyst Jamie Baker said American Airlines (AAL) took a "plain vanilla" domestic fare increase of $5 one-way yesterday morning, which was followed by what looks like a system-wide increase from Hawaiian (HA) and a "substantive" Lower 48 increase from Southwest (LUV). He was not expecting another increase so soon after the industry took a broad-based domestic increase in the second week of May, noted Baker, who thinks evidence of domestic demand and potential Q2 guidance increases could reverse "recent apathy" towards the airline space. Other publicly traded airlines include Alaska Air (ALK), American Airlines (AAL), Delta Air Lines (DAL), JetBlue (JBLU), Southwest (LUV), Spirit Airlines (SAVE) and United Continental (UAL).
07/17/19
DBAB
07/17/19
NO CHANGE
Target $108
DBAB
Buy
United Continental target raised to $108 on earnings momentum at Deutsche Bank
Deutsche Bank analyst Michael Linenberg raised his price target for United Continental to $108 from $105 citing the company's "strong" earnings momentum. The analyst keeps a Buy rating on the shares following United's June quarter results.
LUV Southwest
$52.31

-0.97 (-1.82%)

05/28/19
EVER
05/28/19
DOWNGRADE
EVER
In Line
Southwest downgraded to In Line from Outperform at Evercore ISI
05/28/19
EVER
05/28/19
DOWNGRADE
Target $60
EVER
In Line
Southwest downgraded to In Line from Outperform at Evercore ISI
Evercore ISI analyst Duane Pfennigwerth downgraded Southwest Airlines (LUV) to In Line from Outperform with a $60 price target, pointing to the negative impact that the grounding of Boeing's (BA) 737 MAX jet has had on the air carrier. In a research note to investors, Pfennigwerth says Southwest's inability to grow is due to its reliance on the 737 MAX, and in return for betting on the MAX as its longer-term growth platform, Southwest has gotten operational "headaches," lost market share and likely short-term impact to its brand when the MAX returns to service. The analyst sees Southwest shares as range bound until the MAX formally returns to service.
DAL Delta Air Lines
$62.24

-0.93 (-1.47%)

07/03/19
SPHN
07/03/19
INITIATION
Target $70
SPHN
Overweight
Delta Air Lines re-assumed with an Overweight at Stephens
Stephens analyst Jack Atkins re-assumed coverage of Delta Air Lines with an Overweight rating and $70 price target, up from his prior target of $68. He thinks the U.S. passenger airline market is "solidly outperforming the doom and gloom expectations that many had at the start of the year" and cites Delta's fare momentum, cost controls and recently extended co-branded credit card agreement as reasons for his bullish view.
07/03/19
STFL
07/03/19
NO CHANGE
Target $90
STFL
Buy
Delta one of biggest beneficiaries of longer MAX grounding, says Stifel
Stifel analyst Joseph DeNardi noted that Delta's (DAL) updated Q2 guidance yesterday was "strong across the board," pointing out that domestic load factor for the quarter of 89% benefited from the fact that the grounding of Boeing's (BA) MAX fleet is keeping industry capacity growth constrained. He sees Delta as one of the biggest beneficiaries, second only to Spirit Airlines (SAVE) and Alaska Air (ALK), as the grounding extends further out given the company's lack of exposure and the industry's competitive capacity dynamics. DeNardi maintains a Buy rating and $90 price target on Delta shares.
07/12/19
DBAB
07/12/19
NO CHANGE
Target $61
DBAB
Buy
Delta Air Lines price target raised to $61 from $56 at Deutsche Bank
Deutsche Bank analyst Michael Linenberg raised his price target for Hold-rated Delta Air Lines to $61 from $56 citing the company's "strong" June quarter and increased fiscal 2019 earnings guidance.

TODAY'S FREE FLY STORIES

PCTY

Paylocity

$109.41

3.22 (3.03%)

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MSFT

Microsoft

$138.77

1.52 (1.11%)

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Periodicals
Microsoft contractors listened to Xbox users speaking in their homes, Vice says »

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PAYC

Paycom

$251.93

4.93 (2.00%)

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VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
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Options
Closing CBOE SPX and VIX Index summary for August 21st »

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CSOD

Cornerstone OnDemand

$51.34

0.32 (0.63%)

16:19
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Initiation
Cornerstone OnDemand initiated  »

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SPLK

Splunk

$128.51

1.87 (1.48%)

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SEDG

SolarEdge

$87.87

3.16 (3.73%)

16:18
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Hot Stocks
SolarEdge CEO Guy Sella takes leave of absence, Zvi Lando named Acting CEO »

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WDAY

Workday

$190.87

4.53 (2.43%)

16:18
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Initiation
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  • 29

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FTFT

Future FinTech

$0.98

(0.00%)

16:17
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Future FinTech receives letter from Nasdaq over Q2 report »

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PGRE

Paramount Group

$13.06

-0.085 (-0.65%)

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Hot Stocks
Paramount Group announces two acquisitions »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
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Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

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Technical Analysis
NYSE market internals summary »

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SAIC

SAIC

$84.16

1.21 (1.46%)

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SAIC awarded $812M in contract to support U.S. security, intelligence activities »

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CBU

Community Bank System

$61.51

0.26 (0.42%)

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Community Bank System raises quarterly dividend by 8% to 41c per share »

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AVGR

Avinger

$1.67

-0.005 (-0.30%)

16:15
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Syndicate
Avinger files to sell common stock, no amount given »

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FGEN

FibroGen

$44.90

0.36 (0.81%)

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MINI

Mobile Mini

$30.90

0.58 (1.91%)

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JBSS

John B. Sanfilippo & Son

$80.85

0.32 (0.40%)

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Earnings
John B. Sanfilippo & Son reports Q4 EPS 98c, one estimate 66c »

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  • 22

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HP

Helmerich & Payne

$39.36

0.42 (1.08%)

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SNPS

Synopsys

$131.84

1.81 (1.39%)

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PKI

PerkinElmer

$83.58

1.58 (1.93%)

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  • 13

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OLED

Universal Display

$213.06

2.11 (1.00%)

16:09
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  • 10

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PSMT

PriceSmart

$59.02

0.89 (1.53%)

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ALSK

Alaska Communications

$1.79

0.02 (1.13%)

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  • 23

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PSTG

Pure Storage

$13.86

0.19 (1.39%)

16:08
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Earnings
Pure Storage lowers FY20 revenue view to $1.65B-$1.72B from $1.7B-$1.77B »

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