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Raymond James is out with a couple of upgrades in the airline sector, moving Alaska Air (ALK) to...

Raymond James is out with a couple of upgrades in the airline sector, moving Alaska Air (ALK) to Outperform from Market Perform and Allegiant Travel (ALGT) to Strong Buy from Outperform. The common theme on the ratings boosts is that current share price doesn't reflect the assumption that fuel prices will stay at lower levels. Premarket: ALK +0.8%, ALGT inactive.
Comments (1)
  • jtmonrow
    , contributor
    Comments (54) | Send Message
     
    Finally, since Jimmy Carter devastated the airline industry with "decontrol" a sufficient number [most] of factors have gone under that the remaining companies can make money and attract investors with confidence. ALK, at 6.3x forward earnings, excellent load factor and routes is one of those that investors should not ignore. HA is another.
    8 Jun 2012, 09:25 AM Reply Like
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