Market Overview

Citi's Neutral-To-Bullish Call On The Airliners

Share:
Citi's Neutral-To-Bullish Call On The Airliners

“The US airline industry has been hosting a renaissance party for investors,” Citi’s Kevin Crissey said in a report. All the stocks in this segment have at least tripled over the last five years.

“Although we are staying at the party from a ratings perspective, we’ve moved away from the punch bowl,” Crissey commented.

Top Pick

Crissey named American Airlines Group Inc (NASDAQ: AAL) as the top pick among U.S. airlines, saying the company would benefit from “unique post-merger efficiency opportunities” and lower capex. He initiated coverage of the company with a Buy rating and a price target of $55.

Other Buy-Rated Stocks

  • Allegiant Travel Company (NASDAQ: ALGT): Initiated at Buy with a price target of $185.
  • Delta Air Lines, Inc. (NYSE: DAL): Initiated at Buy with a price target of $61.
  • Southwest Airlines Co (NYSE: LUV): Initiated at Buy with a price target of $57.

Neutral-Rated Stocks

  • Alaska Air Group, Inc. (NYSE: ALK): Initiated at Neutral with a price target of $81.
  • Hawaiian Holdings, Inc. (NASDAQ: HA): Initiated at Neutral with a price target of $48.
  • JetBlue Airways Corporation (NASDAQ: JBLU): Initiated at Neutral with a price target of $22.
  • United Continental Holdings Inc (NYSE: UAL): Initiated at Neutral with a price target of $69

Downgrade

  • Spirit Airlines Incorporated (NASDAQ: SAVE): Downgraded from Buy to Neutral, while raising the price target from $52 to $61.

“We think valuation on SAVE shares already discounts a substantial portion of its near-term growth opportunities,” the analyst mentioned.

In Friday's Pre-Market

  • Alaska closed Thursday at $78.85.
  • Allegiant closed Thursday at $160.80.
  • American was up 1.03 percent at $46.30.
  • Delta was up 1.26 percent at $49.12.
  • Hawaiian was up 2.03 percent at $50.
  • JetBlue was up 0.05 percent at $20.75.
  • Southwest was up 0.66 percent at $47.
  • Spirit was down 1.43 percent at $53.10.
  • United was up 0.72 percent at $68.35.

Latest Ratings for AAL

DateFirmActionFromTo
Jan 2021SusquehannaMaintainsNegative
Dec 2020Deutsche bankDowngradesBuyHold
Nov 2020Raymond JamesDowngradesMarket PerformUnderperform

View More Analyst Ratings for AAL
View the Latest Analyst Ratings

 

Related Articles (ALGT + AAL)

View Comments and Join the Discussion!

Posted-In: Analyst Color Long Ideas News Downgrades Price Target Initiation Travel Analyst Ratings Best of Benzinga

Latest Ratings

StockFirmActionPT
MRTXHC Wainwright & Co.Maintains257.0
NVDATruist SecuritiesMaintains672.0
NVDASusquehannaMaintains625.0
BLKBMO CapitalMaintains715.0
BLKDeutsche BankMaintains838.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com