Cowen Bumps Up Hawaiian Holdings Price Target By 31%

January 13, 2022 11:29 AM | 1 min read | Make a Comment

Cowen analyst Helane Becker upgraded Hawaiian Holdings Inc HA to Market Perform from Underperform and raised the price target to $23 (an upside of 13%), from $17.50.
Becker believes long-haul domestic capacity is likely to leave the islands and move to international markets.
The analyst notes, as we get deeper into 2022, it is likely borders will reopen, and pent-up international demand will return, causing airlines to move capacity out of Hawaii and into international markets. He believes Hawaiian Holdings will benefit from this shift.
Price Action: HA shares are trading higher by 5.5% at $20.43 on the last check Thursday.