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DAL

Delta Air Lines

$44.58 /

-0.95 (-2.09%)

, ALK

Alaska Air

$62.66 /

-1.27 (-1.99%)

06:32
06/18/21
06/18
06:32
06/18/21
06:32

Wolfe Research upgrades three airlines on 'pent-up demand scenario'

Wolfe Research analyst Hunter Keay double upgraded Delta Air Lines (DAL) to Outperform from Underperform with a price target of $55, upgraded Alaska Air (ALK) to Outperform from Peer Perform with a price target of $78, and upgraded United Airlines (UAL) to Peer Perform from Underperform with a price target of $51. While "skeptical" that business travel will return to pre-Covid levels long term, the analyst sees a "pent-up demand scenario later this summer, not unlike what's happening with leisure now." Many business travelers "will feel a competitive urge to get back out there," Keay tells investors in a research note. The analyst says Q4 revenue for airlines "will be weaker than most expect" but that history suggests the market will overlook that as the "overall tempo of the recovery stays positive."

DAL

Delta Air Lines

$44.58 /

-0.95 (-2.09%)

ALK

Alaska Air

$62.66 /

-1.27 (-1.99%)

UAL

United Airlines

$54.25 /

-1.35 (-2.43%)

DAL Delta Air Lines
$44.58 /

-0.95 (-2.09%)

06/18/21 Wolfe Research
Delta Air Lines upgraded to Outperform from Underperform at Wolfe Research
06/09/21 MKM Partners
MKM Partners starts Delta Air Lines at Buy, calls stock Top Pick
06/09/21 MKM Partners
Delta Air Lines initiated with a Buy at MKM Partners
06/08/21
Fly Intel: Top five analyst upgrades
ALK Alaska Air
$62.66 /

-1.27 (-1.99%)

06/18/21 Wolfe Research
Alaska Air upgraded to Outperform from Peer Perform at Wolfe Research
06/09/21 MKM Partners
Alaska Air initiated with a Buy at MKM Partners
06/09/21 MKM Partners
Alaska Air initiated with a Buy at MKM Partners
04/15/21 Barclays
Alaska Air price target raised to $68 from $54 at Barclays
UAL United Airlines
$54.25 /

-1.35 (-2.43%)

06/18/21 Wolfe Research
United Airlines upgraded to Peer Perform from Underperform at Wolfe Research
06/09/21 MKM Partners
United Airlines initiated with a Neutral at MKM Partners
04/21/21 Deutsche Bank
United Airlines named 'Catalyst Call: Buy' at Deutsche Bank
04/16/21
Fly Intel: Top five analyst upgrades

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