Evercore ISI Group has decided to maintain its In-Line rating of SkyWest SKYW and lower its price target from $35.00 to $25.00.
Shares of SkyWest are trading down 1.16% over the last 24 hours, at $22.16 per share.
A move to $25.00 would account for a 12.82% increase from the current share price.
SkyWest Inc offers commercial air services in the United States, Canada, Mexico, and the Caribbean. Additionally, it leases aircraft to capable users to help generate revenue. Generally, SkyWest provides regional flights, and utilizes its smaller, lower-cost aircraft to carry passengers that booked tickets through major airlines. It partners with major global carriers to fly and operate aircraft for a fee. SkyWest may use the major carriers' brand and ground support to coordinate marketing and easily transport passengers. The company has two reportable segments: SkyWest Airlines and SkyWest Leasing.
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