UPDATE: Deutsche Bank Upgrades SkyWest

According to a research report published this morning, Deutsche Bank has upgraded SkyWest SKYW from Sell to Buy. In the report, Deutsche Bank said, "SkyWest reported a surprisingly much better March quarterly result than either we or the Street were projecting. Mar Q loss per share was $0.01 which compared favorably to our $0.15 loss and the consensus loss of $0.16. Furthermore, the result was a vast improvement over last year's loss per share of $0.19 (ex-specials)." Deutsche Bank maintains its $12 PT on SkyWest, which is currently trading at $9.21.