Travel and economic recovery stocks have had a surprisingly-difficult summer on Wall Street. A dramatic increase in the price of oil (the cost of transportation fuel), and the emergence of a new Covid Delta strain (infection rates) have raised anxieties about
'Ain't Been No Summer Vacation' For Airline Stocks
Summary
- Low-cost airlines are down 25%-40% off their spring highs, approaching prices not seen since January 2021.
- Yet the fundamentals underpinning the domestic carriers are steadily improving.
- The article presents 3 airline stocks that have one-year consensus analyst targets of 50-70% above current prices.
- Although market uncertainty and sector rotation have cast a summer pall over the airline stocks, the companies continue to recover and at these prices, present good values for investors.
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