UPDATE: Morgan Stanley Reiterates on Hawaiian Holdings on Possible Risk Factors Ahead

In a report published Monday, Morgan Stanley analyst John D. Godyn reiterated an Equal-Weight rating on

, and raised the price target from $13.00 to $14.00. In the report, Morgan Stanley noted, “HA enjoys a near-monopoly on inter-island travel and a relatively attractive valuation vs. peers. But - signs of peaking margins, the threat of competitive capacity on mainland flying, the potential for new entrants in its interisland markets, and risks surrounding HA's fleet transition/Asia growth drive our EW rating. HA's high risk/reward Asia growth, if successful, could revitalize the airline as more of a growth carrier - but - we view this as a show-me story.” Hawaiian Holdings closed on Friday at $13.97.