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Why Is JPMorgan Buying Spirit, But Selling Virgin America?
Thursday, January 14, 2016 - 11:05am | 476Read More...Spirit Airlines Incorporated (NASDAQ: SAVE) shares have declined 11 percent since December 14, which shares of Virgin America Inc (NASDAQ: VA) are down 18 percent. JPMorgan’s Jamie Baker initiated coverage of Spirit Airlines with an Overweight rating, and of Virgin America with an...
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Wall Street's Patience 'Running Thin' With Airline Stocks
Tuesday, October 13, 2015 - 11:18am | 456Read More...JP Morgan has updated its outlook for U.S. airliners. The firm sees both negatives and positives in the industry these days, but believes investors are growing impatient. The firm has downgraded JetBlue Airways Corporation (NASDAQ: JBLU) from Overweight to Neutral. In a new report, JP...
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Thursday's Calls Of Note: Wall Street Research On Airlines, Steel, Semis & More
Thursday, July 30, 2015 - 10:10am | 1616Read More...The following represents a hand-picked selection of notable research curated by an analyst known in some circles as "The Sith Overlord Of The Street." Longbow: ‘Great Execution' Supports Owning Western Digital Joe Wittine of Longbow Research maintained a Buy rating on...
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JP Morgan Remains Overweight Delta, Calls DOJ Collusion Investigation Humorous
Thursday, July 2, 2015 - 12:52pm | 425Read More...Delta Air Lines, Inc. (NYSE: DAL) on Thursday released its June metrics in which Passenger Revenue per Available Mile (PRASM) fell 4.5 percent. At the same time the company also tightened its second quarter PRASM guidance to negative 4.5 percent (from a -4 to -5 percent range) due to lower...
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JP Morgan: 'Encouraged' By Southwest's Fare Hikes
Wednesday, June 10, 2015 - 8:29am | 301Read More...Less than a week after a much-hyped sale, Southwest Airlines Co (NYSE: LUV) raised its fares by $5 each way, according to Jamie Baker, an analyst with JP Morgan. JP Morgan said that the price hike impacts roughly half of Southwest's 100,000 fares, concentrated in fares with fewer than seven...
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Airline Stocks Pull Back From Recent Highs As Oil Hits 4-Year Low
Wednesday, November 12, 2014 - 7:15pm | 419Read More...Even as oil prices hit multi-year lows Wednesday, an index of U.S. airline stocks pulled back slightly from recent record highs. The NYSE Arca Airline Index (NYSE: XAL) closed Wednesday at $93.44, down more than 1 percent from its 52-week high earlier in the week. At the same time, Brent...
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Analyst Sings Airlines' Praises; Downgrades Alaska Air, Upgrades United Continental
Wednesday, July 30, 2014 - 2:42pm | 255Read More...With airline stocks up an average of nearly 35 percent in the year to date, an analyst continued to sing their praises Wednesday, suggesting the industry's new-found capital discipline has "far reaching implications for long-term shareholders." J.P. Morgan's Jamie Baker upgraded United Continental...
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UPDATE: J.P. Morgan Downgrades AMR on Lack of Upside Potential
Wednesday, November 6, 2013 - 10:13am | 118Read More...In a report published Wednesday, J.P. Morgan analyst Jamie Baker downgraded the rating on AMR (OTC: AAMRQ) from Overweight to Neutral, but raised the price target from $9.50 to $10.50. In the report, J.P. Morgan noted, “Settlement momentum allows us to boost our AMR-LCC merger probability to the...
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J.P. Morgan Analyzed US Airways, Notes United Continental's Disappointment
Friday, October 25, 2013 - 10:51am | 277Read More...In a report published Friday, J.P. Morgan analyst Jamie Baker analyzed US Airlines following earnings reports and specifically noted United Continental's disappointment. United Continental Holdings Baker reduced 2014 earnings outlook, the PT, and downgraded United Continental Holdings, Inc. (NYSE...
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UPDATE: J.P. Morgan Downgrades United Continental Holdings as Better Risk/Reward Opportunities Lie Elsewhere
Friday, October 25, 2013 - 9:45am | 226Read More...In a report published Friday, J.P. Morgan analyst Jamie Baker downgraded the rating on United Continental Holdings (NYSE: UAL) from Neutral to Underweight, and lowered the price target from $32.50 to $25.00. In the report, J.P. Morgan noted, “Cost convergence, fare unbundling, widespread...
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UPDATE: J.P. Morgan Upgrades AMR Corporation on Likelihood of US Airways Merger
Thursday, October 17, 2013 - 10:18am | 184Read More...In a report published Thursday, J.P. Morgan analyst Jamie Baker upgraded the rating on AMR Corporation (OTC: AAMRQ) from Neutral to Overweight, and reiterated the $9.50 price target. In the report, J.P. Morgan noted, “We are boosting our estimated likelihood of a merger by AMR/US Airways this...
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UPDATE: J.P. Morgan Upgrades US Airways Group on Multiple Positive Factors
Tuesday, September 17, 2013 - 10:04am | 162Read More...In a report published Tuesday, J.P. Morgan analyst Jamie Baker upgraded the rating on US Airways Group (NYSE: LCC) from Neutral to Overweight, and raised the price target from $18.00 to $26.00. In the report, J.P. Morgan noted, “Cost convergence, fare unbundling, widespread consolidation,...
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UPDATE: J.P. Morgan Upgrades Delta Air Lines on Multiple Positive Factors
Tuesday, September 17, 2013 - 10:03am | 164Read More...In a report published Tuesday, J.P. Morgan analyst Jamie Baker upgraded the rating on Delta Air Lines (NYSE: DAL) from Neutral to Overweight, and raised the price target from $22.00 to $26.00. In the report, J.P. Morgan noted, “Cost convergence, fare unbundling, widespread consolidation,...
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UPDATE: J.P. Morgan Downgrades Southwest Airlines on Multiple Negative Factors
Thursday, July 18, 2013 - 8:26am | 251Read More...In a report published Thursday, J.P. Morgan analyst Jamie Baker downgraded Southwest Airlines (NYSE: LUV) from Neutral to Underweight, and lowered the price target from $13.00 to $12.00. In the report, J.P. Morgan noted, “Cost convergence, fare unbundling, widespread consolidation, diminished...
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UPDATE: J.P. Morgan Downgrades JetBlue Airways on Multiple Negative Factors
Thursday, July 18, 2013 - 8:24am | 251Read More...In a report published Thursday, J.P. Morgan analyst Jamie Baker downgraded JetBlue Airways (NASDAQ: JBLU) from Overweight to Underweight, and lowered the price target from $7.50 to $5.50. In the report, J.P. Morgan noted, “Cost convergence, fare unbundling, widespread consolidation, diminished...
