UPDATE: Dahlman Rose Upgrades Atlas Air Worldwide Holdings to Buy, Reiterates $57 PT
In a report published earlier today, Dahlman Rose & Co. upgraded its rating for Atlas Air Worldwide Holdings, Inc. (NASDAQ: AAWW) from Hold to Buy, and reiterated its $57.00 price target.
Dahlman Rose went on to say “At current levels we believe the upside potential outweighs the downside risk. We believe at a peak earnings multiple of 15x Atlas should trade at $77/share and using a trough multiple of 8x sets the downside at $41/share. At current share levels, we believe the upside potential to our $57 price target of 29%+ outweighs the downside risk of 7%.”
Atlas Air Worldwide Holdings, Inc. closed on Friday at $44.85.
Latest Ratings for AAWW
|Nov 2014||Wolfe Research||Downgrades||Underperform||Peer Perform `|
|Sep 2014||FBR Capital||Upgrades||Market Perform||Outperform|
|May 2014||Imperial Capital||Maintains||In-line|
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.