Hawaiian Holdings Momentum Continues Ahead Of Investor Day
Hawaiian Holdings, Inc (NASDAQ: HA) is having quite the year. Shares are up 35 percent on the year, and the run looks likely to keep up momentum ahead of its investor day on December 5 when the company is expected to provide FY17 guidance.
Hawaiian's Q3 showed continued momentum in domestic and international sequential growth, however, higher-than-expected costs at the top end of FY16 caught some investors off guard. Mid- to high-single-digit 2017 unit cost inflation could weigh on momentum from positive unit revenue heading into Q4.
"Hawaiian's Q4 unit revenue guidance of +0.5–3.5 percent beat our expectations for +0–3 percent showing continued momentum," said Credit Suisse.
Credit Suisse maintains its Neutral rating on Hawaiian Holdings; its price target remains unchanged at $41.
At last check, Hawaiian Holdings was trading at $47.73, down 2.79 percent on the day.
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Latest Ratings for HA
|Feb 2017||Wolfe Research||Upgrades||Peer Perform||Outperform|
|Dec 2016||Deutsche Bank||Maintains||Buy|
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