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Goldman Sachs: Airlines Need To Restore Pricing To 'Ensure They Can Earn' Adequate ROC
Thursday, July 2, 2015 - 10:17am | 400In a report published Friday, Goldman Sachs analyst Tom Kim mentioned that it would not be appropriate to assume fuel prices will “remain this low,” and therefore US airlines need to “restore pricing to ensure that they can earn an adequate return on capital.” The...
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Benzinga's Top Upgrades
Wednesday, July 1, 2015 - 9:40am | 349Analysts at Bank of America upgraded Willis Group Holdings PLC (NYSE: WSH) from Neutral to Buy. The price target for Willis Group Holdings has been raised from $51.00 to $55.00. Willis Group Holdings' shares closed at $46.90 yesterday. Piper Jaffray upgraded Onconova Therapeutics Inc (NASDAQ: ONTX...
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Southwest Upgraded At Buckingham Research; Firm Sees 31% Upside
Wednesday, July 1, 2015 - 9:37am | 236In a report published Wednesday, Buckingham Research analyst Daniel McKenzie upgraded the rating on Southwest Airlines Co (NYSE: LUV) from Neutral to Buy, while reducing the price target from $45 to $43. Southwest Airlines' revenue and earnings outlook has improved in the wake of the reduction in...
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Avis Budget Group and Southwest Airlines Sign New Multi-Year Partnership Marketing Agreement
Thursday, June 25, 2015 - 11:32am | 281Avis Budget Group, Inc. (Nasdaq: CAR) today announced that it has entered into an expanded, new multi-year partnership marketing agreement with Southwest Airlines (NYSE: LUV) which will enable the Company to promote Avis Car Rental, Budget Car Rental and Payless Car Rental offers, products and...
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Morning Market Losers
Thursday, June 18, 2015 - 9:50am | 278Hercules Offshore, Inc. (NASDAQ: HERO) tumbled 62.65 percent to $0.249 following Wednesday's announcement of restructuring with debt holders. Organovo Holdings Inc (NYSE: ONVO) slipped 13.65 percent to $4.49 after the company priced a $40 million public offering of common stock. Noranda Aluminum...
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Willis Lease and Southwest Airlines Sign Five-Year Lease Support Agreement for Spare Engines
Thursday, June 18, 2015 - 9:02am | 224Willis Lease Finance Corporation (Nasdaq: WLFC), the premier independent jet engine lessor in the commercial finance sector, announced it will be providing spare engines to support the Southwest Airlines (NYSE: LUV) fleet of Boeing 737NG aircraft over the next five years. "With almost 700 aircraft...
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Benzinga's Top #PreMarket Losers
Thursday, June 18, 2015 - 8:19am | 158Oracle Corporation (NYSE: ORCL) shares declined 6.08 percent to $42.18 in pre-market trading after the company reported weaker-than-expected results for its fiscal fourth quarter. Cellectis SA (ADR) (NASDAQ: CLLS) fell 4.26 percent to $34.60 in pre-market trading after dropping 2.38 percent on...
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The Good, Bad & Ugly Of UBS's Latest Visit With Southwest
Friday, June 12, 2015 - 10:21am | 301In a report published Friday, UBS analyst Darryl Genovesi maintained a Buy rating on Southwest Airlines Co (NYSE: LUV), while reducing the price target from $47 to $42. The good: capacity guide appears downward-biased The company has acknowledged that demand growth is trending short of its...
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BofA Asks: What Can Move Airline Stocks Higher?
Wednesday, June 3, 2015 - 8:40am | 460In a report published Wednesday, BofA Merrill Lynch analyst Andrew G. Didora said that, while weak 2Q PRASM has resulted in lower forecasts for the airlines sector, there are two potential catalysts for the group. Delta Air Lines, Inc. (NYSE: DAL) reported its May PRASM at -5.5 percent, short...
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Imperial Capital Analyst Still Likes American Airlines, Southwest
Monday, June 1, 2015 - 1:42pm | 606Bob McAdoo of Imperial Capital provided an update on the airline industry on May 28, highlighting stocks such as American Airlines Group Inc (NASDAQ: AAL) and Southwest Airlines Co (NYSE: LUV). McAdoo disagrees with investors and analysts who are concerned that “management teams have lost...
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Transportation ETFs In Danger Of Technical Breakdown
Thursday, May 21, 2015 - 11:49am | 512The transportation sector is one area of the stock market that is closely watched as a gauge of global economic strength. Many of the stocks in this group are subject to cyclical forces that include oil prices, consumer spending, capital goods orders, and other exogenous factors. ...
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Worst Performing Industries For May 20, 2015
Wednesday, May 20, 2015 - 12:49pm | 219The Dow gained 0.09 percent to 18,328.68, while the NASDAQ composite index rose 0.03 percent to 5,071.67. The broader Standard & Poor's 500 index gained 0.05 percent to 2,128.78. The worst performing industries in the market today are: Regional Airlines: This industry declined 5.1 percent by...
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Barclays Reviews Southwest Dividend Boost, Buyback
Thursday, May 14, 2015 - 6:53am | 222In a report published Thursday, Barclays analysts maintained an Overweight rating on Southwest Airlines Co (NYSE: LUV), while reducing the price target from $51 to $50. Southwest Airlines announced a 25 percent hike in its dividend, while authorizing a share repurchase initiative worth $1.5bn. "...
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Earnings Scheduled For May 14, 2015
Thursday, May 14, 2015 - 4:03am | 696Kohl's Corporation (NYSE: KSS) is projected to report its Q1 earnings at $0.55 per share on revenue of $4.19 billion. Childrens Place Inc (NASDAQ: PLCE) is expected to report its Q1 earnings at $0.82 per share on revenue of $405.35 million. King Digital Entertainment PLC (NYSE: KING) is projected...
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Southwest Airlines Q1 Profit Beats Estimates
Thursday, April 23, 2015 - 9:13am | 213Southwest Airlines Co (NYSE: LUV) reported better-than-expected earnings for the first quarter. The company also reported a 7.1 percent rise in its Q1 traffic. The Dallas, Texas-based company posted quarterly earnings of $453 million, or $0.66 per share, versus $152 million, or $0.22 per share, in...