Raymond James Downgrades This Regional Air Carrier

Loading...
Loading...
  • Raymond James analyst Savanthi Syth downgraded Mesa Air Group Inc MESA to Market Perform from Outperform without a price target, reflecting regional airline industry headwinds.
  • Syth says the magnitude of the impact on earnings appears to be greater than anticipated.
  • Syth further mentions that much of this headwind should ease in early 2023, though pushing back the anticipated earnings recovery by at least a year.
  • Also Read: Mesa Airlines Reports ~4% Block Hours Growth In December.
  • Price Action: MESA shares are trading lower by 4.63% at $4.74 on the last check Friday.
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorNewsPenny StocksDowngradesAnalyst RatingsMoversTrading IdeasAirlinesBriefsIndustrials
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...