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The 'Poorly Understood' Story Of American Airlines; Is There 40% Upside Potential?
Monday, July 31, 2017 - 10:08am | 342After posting a slight earnings beat for the second quarter, American Airlines Group Inc (NASDAQ: AAL) has further upside ahead, according to Buckingham Research Group analyst Daniel McKenzie. McKenzie reiterated a Buy rating on the stock and raised his price target from $68 to $70, a 40 percent...
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Here's What Grounded JetBlue's Rating At Buckingham
Wednesday, July 26, 2017 - 12:15pm | 369Analysts at Buckingham Research Group no longer hold a bullish rating on JetBlue Airways Corporation (NASDAQ: JBLU) due to the ongoing negotiations between pilots and management and competitive concerns. Daniel McKenzie downgraded JetBlue's stock from Buy to Neutral with a price target lowered...
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United Airlines' Q2 Earnings Fly Over Estimates, But Q3 Forecast Downs Stock
Wednesday, July 19, 2017 - 2:12pm | 425United Continental Holdings Inc (NYSE: UAL) has had quite the year from a PR perspective, facing some difficult highly public incidents that appeared to tarnish the brand, if not only temporary. These PR disasters didn't stop the airline from delivering a significant second-quarter earnings...
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Copa Holdings Management Has A Credible Plan To Boost Margins: Buckingham
Monday, September 26, 2016 - 2:28pm | 278Buckingham sees potential 30 percent upside in Copa Holdings, S.A. (NYSE: CPA) shares as it reiterated its Buy rating and raised its price target to $116 from $92 on prospects for strong margin growth. At its investor day, the company said revenue and cost initiatives will likely contribute 4-5...
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American Airlines Sees Brexit Effect Limited; Buckingham Research Ups Price Target
Monday, July 25, 2016 - 3:52pm | 418Although immediately after the Brexit vote, Buckingham Research trimmed its 2017 revenue estimate for American Airlines Group Inc (NASDAQ: AAL) by $1 billion, the firm noted that management sees limited impact from the development, ex-forex. This has led the firm to raising its valuation multiple...
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American Airlines Book Value Rising Faster Than Its Debt, Says Buckingham
Friday, July 15, 2016 - 10:23am | 459Buckingham Research said the book value of American Airlines Group Inc (NASDAQ: AAL) is rising faster than its debt, as the firm maintained its Buy rating on the stock. Recent Performance And Expectations "AAL has adopted a deliberate strategy of using aircraft financing, resulting in higher...
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Wall Street Firm Bullish On Airlines, Ups Estimates And Price Targets
Wednesday, April 13, 2016 - 4:10pm | 359Most airline stocks have had a rough go of it so far in 2016, but Buckingham Research Group analyst Daniel McKenzie believes things are looking up for Q1 earnings season. Buckingham has raised its Q1 earnings estimates for JetBlue Airways Corporation (NASDAQ: JBLU) and Delta Air Lines, Inc. (NYSE...
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This Math Says Spirit Airlines Has 44% Upside
Friday, March 25, 2016 - 2:17pm | 293In a new report, Buckingham analyst Daniel McKenzie discusses the firm’s bullish outlook for Spirit Airlines Incorporated (NASDAQ: SAVE). According to McKenzie, the airliner’s “very good” Q1 is no fluke. After meeting with company management, Buckingham is convinced that...
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JetBlue Seen As The 'Only' Logical Acquirer Of Virgin America, May Be Forced Into Deal
Thursday, March 24, 2016 - 1:43pm | 297Reports that Virgin America Inc (NASDAQ: VA) is considering buyout offers sent the stock soaring in Wednesday’s trading session. Although the identities of potential buyers have not been revealed, Buckingham analyst Daniel McKenzie sees JetBlue Airways Corporation (NASDAQ: JBLU) as the only...
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Delta Has 63% Upside, Buckingham Says
Wednesday, March 9, 2016 - 5:40pm | 268In a report issued Wednesday, Buckingham Research analysts Daniel McKenzie and Scott Park reiterated a Buy rating and $75 price target on Delta Air Lines, Inc. (NYSE: DAL). After factoring a 1 percent dividend yield, the price target implies an upside of roughly 63 percent from current stock...
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Airline February Traffic Data: What To Know
Thursday, March 3, 2016 - 2:45pm | 396Delta Air Lines, Inc. (NYSE: DAL) has reported year-over-year (Y/Y) February traffic growth of 5.3 percent on a capacity increase of 6.0 percent. In a press release, Delta emphasized the strong environment for airlines. “Across all entities, booking trends into the peak leisure season are...
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Buckingham Sees 36% Upside in Virgin America
Monday, February 8, 2016 - 1:22pm | 378Buckingham Research slashed its price target and fourth-quarter earnings outlook Virgin America Inc (NASDAQ: VA) on the back of its recently released cost per available seat miles (CASM) outlook. However, the brokerage sees 36 percent upside on the stock, driven by the airline’s...
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Why Delta And Spirit Could Have At Least 50% Upside
Wednesday, January 6, 2016 - 3:28pm | 691Buckingham Research analysts Daniel McKenzie and Scott Park reiterated Buy ratings on Spirit Airlines Incorporated (NASDAQ: SAVE) and Delta Air Lines, Inc. (NYSE: DAL) on Wednesday. The experts issued a $75 price target on shares of Delta. The target price for Spirit was set at $66. In...
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Buckingham Maintains Buy On U.S. Airliners After Conference With Industry Giants
Thursday, December 17, 2015 - 2:39pm | 472Buckingham Research Group remains bullish on U.S. airlines following its recent airline conference. Despite weak December demand, the firm sees plenty of positive 2016 catalysts ahead. Buckingham named American Airlines Group Inc (NASDAQ: AAL) as its top stock pick. Buckingham Research group...
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Buckingham Research: Southwest Has 31% Upside
Tuesday, December 15, 2015 - 3:20pm | 357Shares of Southwest Airlines Co (NYSE: LUV) have gained nearly 30 percent over the past six months. Despite the strong recent gains, Daniel McKenzie maintained a Buy rating and $57 price target on Southwest's stock. The analyst offered several catalysts that can result in earnings per share upside...