Imperial Capital Sees 4Q14 Results As Largely Consistent With Expectations For Republic Airways Holdings

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In a report published Friday, Imperial Capital analyst Bob McAdoo reiterated an Outperform rating and $17.00 price target on
Republic Airways Holdings Inc.RJET
. In the report, Imperial Capital noted, "We are maintaining our Outperform rating and our one-year price target of $17 on RJET shares. While 2015 expenses will be burdened with engine maintenance costs that are being shifted in from future periods, streamlining efforts, coupled with more large regional jet contract wins, suggest improving operating results beginning as soon as late 2015. The company is currently scheduled to take delivery of 60 new E175 aircraft over the next three years. We expect these new larger E175 aircraft to be operated more profitably than smaller regional jets currently flown by Republic. We recommend investors take advantage of the recent pullback in RJET shares ahead of improved earnings. Our price target represents 28% potential upside from RJET's most recent trading levels." Republic Airways Holdings closed on Thursday at $13.25.
Posted In: Analyst ColorReiterationAnalyst RatingsBob McAdooimperial capital
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