Major airlines survived what was likely the worst quarter in modern aviation history. The carriers lost billions of dollars, as expected, and the theme that emerged is that their recovery stalled in July as Covid-19 cases rose and states imposed quarantine measures.
Baker also sees more risk than reward in shares of Spirit Airlines , rating it Underweight. However, he did raise his price target on Southwest Airlines to $41 from $40, maintaining a Neutral rating. And he has an Overweight on Alaska Air Group , raising his price target to $55 from $54. Cowen’s Helane Becker trimmed her price target on Southwest to $39 from $40, but maintained her Outperform rating. “Southwest has an industry leading balance sheet giving us little concern they can weather the storm,” she writes. “The company remains a relatively good place to hide and also participate in a recovery, given their willingness to leave capacity in the market longer than others.”
He’s more optimistic about Southwest, reiterating a $41 price target, writing that the company’s “overall cash flow picture improved.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
No recovery soon according to our models
When Americans aren’t the black sheep of the world and we can go international again, stocks go up. Until then...short the rip
Buffett didnt sold his airlines stock for nothing...
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Here are First American's Jerry Braakman five favorite tech stocks - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stocks Fall After Another 1.4 Million Americans File For UnemploymentJobless claims rose for the first time since March, indicating a slowdown in the labor market’s recovery. skleb1234 I’m old enough to remember when we could lose 5 million jobs a week and the market would skyrocket. skleb1234
Source: Forbes - 🏆 394. / 53 Read more »
Stocks gain as upbeat earnings outweigh U.S.-China tensionsStock markets rose on Thursday as better-than-expected corporate earnings in Europe offset worries about rising cases of COVID-19 and a sharp escalation in tensions between the United States and China. Stocks gain as upbeat earnings outweigh U.S.-China tensions... And ignoring the fact that America has an idiot with mental disorders and cognitive decline running the country, a global pandemic, world wide unemployment and economic issues. Pump-N-Dump
Source: Reuters - 🏆 2. / 97 Read more »
Stocks Fall After Another 1.4 Million Americans File For UnemploymentJobless claims rose for the first time since March, indicating a slowdown in the labor market’s recovery. Well Trump can blame himself - he never will because he takes no responsibility, but he should. Instead of re-opening our economy we're closing it down AGAIN because of Trump quit on America. No we will flounder for many many months. second plan is on the way, the to generous deal makes people keep unemployed especially in summer time. FORBES KNOW IT AND STICK ON NEGATIVE. NASDAQ ALL TIME HIGH EVERY SECOND WEEK...CLOSE FORBES ON 4TH OF NOVEMBER. Where’s the Presidents tweet today ?
Source: Forbes - 🏆 394. / 53 Read more »
What to watch today: Stocks to rise on coronavirus stimulus bill progressDow futures pointed to a gain at Thursday's open after blue chips rose for a third session in a row.
Source: CNBC - 🏆 12. / 72 Read more »
These beaten-down small and mid-cap stocks are poised for a rebound, Barclays saysBarclays found a number of high-conviction names with improving near-term fundamentals and resilient business models in the midst of the pandemic.
Source: CNBC - 🏆 12. / 72 Read more »