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MESA

Mesa Air

$7.00

-0.27 (-3.71%)

, AAL

American Airlines

$28.06

-0.7 (-2.43%)

16:39
12/02/19
12/02
16:39
12/02/19
16:39

Mesa Air misses performance metric, allows American Airlines to remove aircraft

Mesa Air (MESA) announced that under the recent amendment to its agreement with American Airlines (AAL), the company did not meet certain performance metrics during the most recent measurement period, which allows American to remove two additional aircraft from the capacity purchase agreement, or CPA. American has agreed to defer the right to remove these two aircraft but has elected to remove one of two previously deferred aircraft, effective January 2, 2020. Based on the increased utilization of the remaining fleet, Q2 2020 block hours for American are expected to be within one percent of block hour production for the same period last year.

MESA

Mesa Air

$7.00

-0.27 (-3.71%)

AAL

American Airlines

$28.06

-0.7 (-2.43%)

  • 11

    Dec

MESA Mesa Air
$7.00

-0.27 (-3.71%)

03/01/19
DBAB
03/01/19
DOWNGRADE
DBAB
Hold
Deutsche downgrades American Airlines, Delta on global market exposure
Deutsche Bank analyst Michael Linenberg downgraded both American Airlines (AAL) and Delta Air Lines (DAL) to Hold from Buy. Recent global macro data points "have been less encouraging of late" suggesting that airline industry risks are now more biased to the downside, Linenberg tells investors in a research note. As a result, the analyst is finding it more difficult to advocate "new money" positions in names with the most exposure to global markets. This drives his downgrade of both American and Delta to Hold. Linenberg lowered his price target for American to $40 from $47 and for Delta to $55 from $66. He also lowered his target for Buy-rated Alaska Air (ALK) to $73 from $75, for Buy-rated Allegiant Travel (ALGT) to $160 from $169, for Buy-rated JetBlue (JBLU) to $20 from $22, for Buy-rated SkyWest (SKYW) to $68 from $75, for Buy-rated Spirit Airlines (SAVE) to $75 from $79, for United Continental (UAL) to $105 from $109, and for Buy-rated Mesa Air (MESA) to $17 from $18.
07/12/19
RILY
07/12/19
INITIATION
Target $16
RILY
Buy
Mesa Air initiated with a Buy at B. Riley FBR
B. Riley FBR analyst Scott Buck started Mesa Air Group with a Buy rating and $16 price target. A low-cost operating structure positions Mesa to bid competitively for extending current flying contracts and add potentially profitable new flying, Buck tells investors in a research note. Further, the company's balance sheet de-leveraging should drive meaningful improvement in earnings, even without new flying, adds the analyst.
08/09/19
RAJA
08/09/19
NO CHANGE
RAJA
Strong Buy
Mesa Air selloff after earnings overdone, says Raymond James
Raymond James analyst Savanthi Syth said earlier, in a note issued ahead of the company's earnings call, that the selloff in shares of Mesa Air was overdone as some investors had "chosen to shoot first." Brad Rich, who was previously at SkyWest and United, is still in the early stages of improving the operations and Syth believes the loss of the full American contract is unlikely, he stated. The analyst has a Strong Buy rating on Mesa Air Group shares, which are down $3.43, or 35%, to $6.34 in early afternoon trading.
08/12/19
RILY
08/12/19
NO CHANGE
Target $13
RILY
Buy
Mesa Air selloff Friday a buying opportunity, says B. Riley FBR
B. Riley FBR analyst Scott Buck recommends using the post-earnings selloff Friday in shares of Mesa Air Group as a buying opportunity. Results in the quarter were negatively impacted by operating challenges, which forced the removal of three aircraft for almost the entirety of the quarter, reducing block hours flown and increasing costs, Buck tells investors in a research note. The analyst, however, suggests investors take advantage of the pullback to accumulate the shares. Mesa remains well positioned to add additional flying over the coming year, says Buck, who keeps a Buy rating on the shares despite lowering his price target to $13 from $16.
AAL American Airlines
$28.06

-0.7 (-2.43%)

10/31/19
SBSH
10/31/19
INITIATION
SBSH
Citi initiates the U.S. airlines sector, says Delta is top pick
Citi analyst Stephen Trent initiated the U.S. airlines sector in a note titled "Initiating coverage: Pick Your Routes Carefully." The analyst initiated Delta (DAL), United Airlines (UAL), and Spirit Airlines (SAVE) with Buy ratings, Southwest (LUV) with a Neutral rating, and American Airlines (AAL) with a Sell rating. Trent said that Delta was his top pick, citing attractive revenue diversity, relatively smooth earnings streams, and solid alliance networks. Trent is Neutral on Southwest as he believes the company's valuation relative to growth, along with 737 MAX risks, put the shares near fair value. The analyst has a Sell on American Airlines due to the company's high leverage, 2020 MAX redeployment, pilot contract negotiations, and valuations concerns.
11/12/19
UBSW
11/12/19
INITIATION
Target $27
UBSW
Sell
American Airlines initiated with a Sell at UBS
UBS analyst Myles Walton initiated coverage of American Airlines with a Sell rating and $27 price target.
11/12/19
UBSW
11/12/19
NO CHANGE
UBSW
UBS rolls out 'cautious' view of U.S. airlines, names JetBlue, United top picks
UBS analyst Myles Walton initiated coverage of the U.S. airlines space with six company initiations including two Buys, three Neutral ratings and one Sell. His view on the group into 2020 is "cautious" given a combination of potential economic softening and a "sharp" increase in capacity, which could have a negative impact on pricing. He started JetBlue (JBLU) with a Buy rating and $25 price target, citing its capacity growth, revenue initiatives and cost reduction program, which he believes could add up to the airline delivering 30%+ EPS growth in 2020. He also started United Airlines (UAL) with a Buy rating and $110 price target, stating that his bullish view is supported by the company's "superior" cost performance. Walton started American Airlines (AAL) with a Sell rating and a $27 price target, stating that "2020 could provide a sharper test [for American] than others in the industry" given the company's elevated leverage and "fragility already seen in the network in 2019." Walton started Delta Air Lines (DAL) with a Neutral rating and $62 price target, Southwest (LUV) with a Neutral rating and $60 price target and Alaska Air (ALK) with a Neutral rating and $75 price target.
11/13/19
11/13/19
INITIATION

Fly Intel: Top analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. Apple (AAPL) and Sonos (SONO) were initiated with an Outperform at RBC Capital, while Jabil (JBL) was initiated with a Sector Perform. 2. JetBlue (JBLU) and United Airlines (UAL) were initiated with a Buy at UBS, while Delta Air Lines (DAL) and Southwest (LUV) were initiated with a Neutral, and American Airlines (AAL) was initiated with a Sell. 3. ManpowerGroup (MAN) initiated with a Buy at CL King. 4. Concho Resources (CXO) initiated with an Outperform at Scotiabank. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

EXAS

Exact Sciences

$85.16

-0.25 (-0.29%)

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YETI

Yeti

$31.82

1.19 (3.89%)

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GM

General Motors

$35.23

0.13 (0.37%)

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  • 07

    Jan

WST

West Pharmaceutical

$146.54

1.07 (0.74%)

06:11
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06:11
Downgrade
West Pharmaceutical rating change  »

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LULU

Lululemon

$233.31

3.75 (1.63%)

06:09
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INTC

Intel

$57.04

0.43 (0.76%)

, IBM

IBM

$133.81

-0.12 (-0.09%)

06:09
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12/12
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Periodicals
Intel hires former GlobalFoundries CTO Gary Patton, Reuters reports »

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INTC

Intel

$57.04

0.43 (0.76%)

IBM

IBM

$133.81

-0.12 (-0.09%)

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  • 23

    Jan

HD

Home Depot

$211.96

-3.88 (-1.80%)

06:06
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06:06
Downgrade
Home Depot rating change  »

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  • 25

    Feb

JPM

JPMorgan

$134.17

-0.31 (-0.23%)

06:06
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12/12
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06:06
Periodicals
JPMorgan to revamp wealth management business, WSJ reports »

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  • 14

    Jan

WST

West Pharmaceutical

$146.54

1.07 (0.74%)

06:06
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Downgrade
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CHEF

Chefs' Warehouse

$35.51

-0.06 (-0.17%)

06:05
12/12/19
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06:05
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06:05
Initiation
Chefs' Warehouse initiated  »

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  • 12

    Dec

OII

Oceaneering

$13.48

0.32 (2.43%)

06:03
12/12/19
12/12
06:03
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06:03
Upgrade
Oceaneering rating change  »

Oceaneering upgraded to…

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SYY

Sysco

$82.88

0.38 (0.46%)

06:03
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Initiation
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MPWR

Monolithic Power

$169.05

4.15 (2.52%)

06:01
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Initiation
Monolithic Power initiated  »

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HD

Home Depot

$211.96

-3.88 (-1.80%)

06:01
12/12/19
12/12
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06:01
Upgrade
Home Depot rating change  »

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  • 25

    Feb

SPNE

SeaSpine

$12.00

-0.58 (-4.61%)

05:57
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Downgrade
SeaSpine rating change  »

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GMED

Globus Medical

$56.88

0.03 (0.05%)

05:56
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Upgrade
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GKOS

Glaukos

$57.32

-1.895 (-3.20%)

05:56
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MMSI

Merit Medical

$29.99

0.69 (2.35%)

05:55
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SWAV

ShockWave Medical

$41.84

1.41 (3.49%)

05:55
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DPZ

Domino's Pizza

$293.12

8.48 (2.98%)

, PZZA

Papa John's

$60.84

1.29 (2.17%)

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DPZ

Domino's Pizza

$293.12

8.48 (2.98%)

PZZA

Papa John's

$60.84

1.29 (2.17%)

TXRH

Texas Roadhouse

$57.25

0.55 (0.97%)

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  • 12

    Dec

  • 13

    Dec

  • 18

    Dec

MPWR

Monolithic Power

$169.05

4.15 (2.52%)

05:47
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05:47
Initiation
Monolithic Power initiated  »

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HUYA

Huya

$18.21

0.6 (3.41%)

05:35
12/12/19
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05:35
Initiation
Huya initiated  »

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GMAB

Genmab

, AZN

AstraZeneca

$48.19

0.23 (0.48%)

05:32
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12/12
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05:32
Downgrade
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Genmab downgraded to Hold…

GMAB

Genmab

AZN

AstraZeneca

$48.19

0.23 (0.48%)

RHHBY

Roche

$0.00

(0.00%)

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  • 12

    Dec

  • 16

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  • 17

    Dec

WBA

Walgreens Boots Alliance

$58.00

-0.4 (-0.68%)

, MCK

McKesson

$143.40

0.59 (0.41%)

05:31
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Walgreens Boots Alliance

$58.00

-0.4 (-0.68%)

MCK

McKesson

$143.40

0.59 (0.41%)

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  • 08

    Jan

MTUAY

MTU Aero Engines

$0.00

(0.00%)

05:30
12/12/19
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05:30
Downgrade
MTU Aero Engines rating change  »

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