UPDATE: Imperial Capital Initiates SkyWest with In-Line on Expected Gradual Growth

In a report published Thursday, Imperial Capital analyst Bob McAdoo initiated coverage on

with an In-Line rating and $15.00 price target. In the report, Imperial Capital noted, “Initiating coverage of SKYW shares with an In-Line rating and one-year price target of $15, about 13% above the recent closing price of the shares. SkyWest is the largest regional jet contract operator in the U.S. The company has been able to leverage a strong balance sheet and reputation to win sizeable contracts from Delta, United, and American. However, we believe that the majority of its new contract wins have been awarded. With the stock trading consistent with its historical median, we expect the shares to move in tandem with its peers, thus our In-Line rating.” SkyWest closed on Wednesday at $13.24.