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Frontier Airlines to Return to Full Service Saturday
Friday, July 22, 2011 - 12:43pm | 213Frontier Airlines has announced that it expects to return to normal operations, with a full flight schedule by Saturday, July 23. Frontier saw 18 of its Airbus aircraft damaged last week when a hail storm hit Denver International Airport – the airline's hometown airport. The damaged aircraft were...
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UPDATE: Deutsche Bank Lowers PT on AMR to $7
Friday, July 22, 2011 - 9:57am | 162Deutsche Bank is out with its report today on AMR (NYSE: AMR), lowering its PT from $8 to $7. In a note to clients, Deutsche Bank writes, "AMR reported a June Q diluted loss per share of $0.85 (ex-specials), which was modestly worse than both our estimate calling for a loss per share of $0.75 and...
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Goldman Sachs Comments On Republic Airways June Quarter Results
Friday, July 22, 2011 - 9:12am | 98According to Goldman Sachs, Republic Airways Holdings (NASDAQ: RJET) is expected to report its June quarter results in early August. Goldman Sachs said that solid passenger traffic in the quarter and moderating fuel costs should enable Republic's earnings to come in ahead of consensus estimates,...
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Bank of America Merrill Lynch Maintains Buy On Western Digital
Friday, July 22, 2011 - 7:50am | 155Bank of America Merrill Lynch is out with a research report on Western Digital (NYSE: WDC) after it reported earnings, and is Maintaining its Buy rating and $45 price target. In a note to clients, Bank of America Merrill Lynch writes, "F4Q11 EPS of $0.81 beat our/Street of $0.70/0.67 on higher...
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Rodman & Renshaw Reiterates Market Outperform and PT of $14 on U.S. Airways Group
Friday, July 22, 2011 - 3:51am | 59Rodman & Renshaw reiterated its Market Outperform rating on U.S. Airways Group (NYSE: LCC). At the same time, the rating agency left its price target on the company's stock unchanged at $14. On Thursday, LCC closed the day at $6.90. Its shares added 1.3% to their value in today's pre-market...
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UPDATE: US Airways Reports Drop In Q2 Profit
Thursday, July 21, 2011 - 9:25am | 81US Airways Group Inc (NYSE: LCC) reported a decline in its quarterly profit. US Airways reported its Q2 profit at $92 million, or $0.49 per share, down from $279 million, or $1.41 per share, in the year-earlier period. Excluding special items, the airline's earnings came in at $0.56 per share....
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Benzinga's Top Downgrades
Thursday, July 21, 2011 - 8:15am | 123Analysts at Benchmark Company downgraded Saba Software Inc (NASDAQ: SABA) from “buy” to “hold.” SABA's stock closed at $9.42 yesterday. SABA's trailing-twelve-month ROE is -3.35%. Analysts at Ticonderoga downgraded AMR Corporation (NYSE: AMR) from “neutral” to “sell.” AMR's shares closed at $4.92...
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Stocks to Watch for Thursday 7/21/2011: Fresh 52 Week Highs and Lows
Thursday, July 21, 2011 - 5:36am | 2699Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Wednesdays's trading session (listed from highest total volume to lowest): 1) Nalco Holding (NYSE: NLC): Shares...
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Earnings Scheduled For July 21
Thursday, July 21, 2011 - 3:30am | 479Advanced Micro Devices Inc (NYSE: AMD) is expected to report its Q2 EPS at $0.08 on revenue of $1.58 billion. Pepsico Inc (NYSE: PEP) is projected to report its Q2 EPS at $1.21 on revenue of $16.41 billion. Eli Lilly and Company (NYSE: LLY) is projected to report its Q2 EPS at $1.17 on revenue...
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Rodman & Renshaw Reiterates Market Perform and PT of $6 on AMR
Thursday, July 21, 2011 - 3:01am | 58Rodman & Renshaw reiterated its Market Perform rating on AMR (NYSE: AMR). At the same time, the rating agency left its price target on the company's stock at $6. On Wednesday, AMR lost 0.2% of its value to finish the day at $4.92. Its shares recovered in today's pre-market trading, rising 0.81...
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Dahlman Rose Comments on AMR
Wednesday, July 20, 2011 - 4:14pm | 87Dahlman Rose provided color on AMR (NYSE: AMR) in a research report published today. Dahlman Rose has previously given AMR a Sell rating and $4.50 price target. In the report, Dahlman Rose states, "AMR Corp. released 2Q11 earnings results, slightly exceeding our estimate, but missing the consensus...
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Rodman & Renshaw Comments on AMR
Wednesday, July 20, 2011 - 1:04pm | 98Rodman & Renshaw provided color on AMR (NYSE: AMR) in a research report published today. Rodman & Renshaw has previously given AMR a Market Perform rating and $6 price target. In the report, Rodman & Renshaw states, "We would not draw revenue conclusions to the rest of the group. AMR's...
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UPDATE: AMR Reports Q2 Loss of $286M
Wednesday, July 20, 2011 - 8:25am | 100AMR Corp (NYSE: AMR) released its results for the second quarter on Wednesday. AMR reported a quarterly loss at $286 million, or $0.85 per share, versus a loss of $11 million, or $0.03 per share, in the year-earlier period. Its revenue rose 7.8% to $6.11 billion. Analysts were expecting a loss of...
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UPDATE: AMR Corporation Announces Agreements with Airbus and Boeing
Wednesday, July 20, 2011 - 8:17am | 208AMR Corporation (NYSE: AMR), the parent company of American Airlines and American Eagle, today announced landmark agreements with Airbus and Boeing (NYSE: BA) that will allow it to replace and transform American's narrowbody fleet over five years and solidify its fleet plan into the next decade....
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AMR Corporation Announces Largest Aircraft Order in History With Boeing and Airbus
Wednesday, July 20, 2011 - 7:04am | 230AMR Corporation (NYSE: AMR), the parent company of American Airlines and American Eagle, today announced landmark agreements with Airbus and Boeing that will allow it to replace and transform American's narrowbody fleet over five years and solidify its fleet plan into the next decade. These new...