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Fly News Breaks for September 23, 2019
Sep 23, 2019 | 15:58 EDT
William Blair analyst Louie DiPalma noted that Delta's (DAL) CEO said at the SKIFT conference on September 18 that free Wi-Fi will be available soon, but neither his company nor partner Gogo (GOGO) had previously provided a timeline. However, on Twitter today Delta said it anticipates the launch "will be sometime this year," which DiPalma said is "much sooner than what we believe buy-side investors are expecting." He sees the potential for the launch to prompt consensus estimates for Gogo's FY20 to be raised and project that Gogo shares will appreciate to a range of $10 to $15 in 2021, added DiPalma, who keeps an Outperform rating on the stock.
News For GOGO;DAL From the Last 2 Days
Jan 20, 2021 | 09:56 EST
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Netflix (NFLX) upgraded to Buy from Neutral at UBS and upgraded to Overweight from Equal Weight at Wells Fargo following Q4 results. 2. Boeing (BA) upgraded to Hold from Sell at Berenberg with analyst Andrew Gollan saying Boeing is a "deeply wounded organization," but the restart of 737 Max deliveries in December marked a turning point toward a financial recovery. 3. DraftKings (DKNG) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Thomas Allen saying his channel checks suggest that 2021 should "stand out as an exceptionally strong year of legalization," and that he expects 12 states to legalize sports betting this year. 4. Delta Air Lines (DAL) upgraded to Buy from Hold at Argus with analyst John Staszak saying the company will face a difficult first half of FY21 but will likely return to profitability in the second half and into FY22. 5. Halliburton (HAL) upgraded to Overweight from Equal Weight at Stephens with analyst Tommy Moll saying he expects the company to benefit from the rapidly-improving level of completion activity in the U.S. in the near-term. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.