Market Overview

UPDATE: Deutsche Bank Raises PT to $12 on Republic Airways Holdings on Consolidation Outlook

Share:
Related RJET
3 Airliners Outside Of The 'Big Four' Worth Buying: McAdoo
Market Update: Monday's Mid-Day Movers, China's Stock Market Crash And More
U.S. airline profit at record level (Seeking Alpha)

Deutsche Bank reiterated its Buy rating on Republic Airways Holdings (NASDAQ: RJET) and raised its price target from $8 to $12.

Deutsche Bank noted, "We continue to favor the names that we believe are most leveraged to an industry benefiting from secular change (e.g. consolidation, higher barriers to entry, and shift in fixed/variable costs mix). We think RJET [is] the major beneficiar[y] of regional airline consolidation. With several of [its] regional competitors being shut down or acquired over the past couple years (Comair and ExpressJet are examples of the former and latter, respectively), we believe that RJET [is] well-positioned to supply regional jet lift, especially as the majors replace 50-seat jets with 70+-seaters."

Republic Airways Holdings closed at $7.49 on Monday.

Latest Ratings for RJET

DateFirmActionFromTo
Jul 2015Deutsche BankDowngradesBuyHold
Apr 2015Evercore PartnersDowngradesBuyHold
Sep 2014Bank of AmericaMaintainsUnderperform

View More Analyst Ratings for RJET
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (RJET)

Get Benzinga's Newsletters