Market Overview

After Virgin America's 14% Gain, Keep An Eye On These 3 Stocks

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Virgin America Inc (NASDAQ: VA), the famed low-cost U.S. airline, had quite a day on December 24 following six new positive analyst ratings from Cowen & Company, Deutsche Bank, Bank of America, Raymond James, Imperial Capital and Barclays.

The price target from Deutsche Bank's Michael Linenberg, for example, implied an upside potential of almost 20 percent from the stock's pre-December 24 price.

3 Peers Worth Watching

Analysts, in particular, seem to also love American Airlines Group Inc (NASDAQ: AAL).

Over the past couple of months, CRT Capital and Bank of America issued Buy recommendations, setting $54 and $55 price targets, respectively. Credit Suisse reiterated an Outperform rating, accompanied by a $58 price target. Most recently, Barclays upgraded the stock from Equalweight to Overweight, fixing a $63 price target.

The latter implies a 22 percent upside potential from the current price point of $51.42.

JetBlue Airways Corporation (NASDAQ: JBLU) is also worth watching. It was recently upgraded by Bank of America from an Underperform to a Buy with a $17 price target. The stock traded around $14.50 at the time.

Now, there’s a 10 percent upside potential from current prices.

Imperial Capital, Deutsche Bank and CRT Capital issued positive ratings in late-November with price targets raging from $16 to $18.

Related Link: Investors, Traders Send Virgin America Higher Following IPO

There’s also Southwest Airlines Co (NYSE: LUV). Recently upgraded by Goldman Sachs from Neutral to Buy, the bank's price target ($55) suggests an upside potential of about 30 percent. 

Posted-In: Bank of America Barclays Credit Suisse Deutsche BankLong Ideas Travel Trading Ideas General


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