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Rodman & Renshaw Reiterates Buy on Allegiant Travel Corporation, Raises PT to $56
Monday, July 11, 2011 - 8:53am | 44Rodman & Renshaw reiterated its Buy rating on Allegiant Travel Corporation (NASDAQ: ALGT). At the same time, the rating agency raised its price target on the company's stock from $52 to $56. On Friday, ALGT closed the week at $48.51.
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Rodman & Renshaw Reiterates Market Outperform and PT of $17 on Southwest Airlines
Monday, July 11, 2011 - 5:59am | 37Rodman & Renshaw reiterated its Market Outperform rating on Southwest Airlines (NYSE: LUV). At the same time, the rating agency left its price target on the company's stock unchanged at $17.
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Merger Arbitrage Mondays – July 11, 2011
Monday, July 11, 2011 - 4:15am | 4992Merger activity decreased last week with three new all-cash deals announced and four closing. You can find all the active deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: Total Number of Deals Closed in 2011 121 Total...
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Stocks to Watch for Monday 07/11/11: Fresh 52 Week Highs and Lows
Sunday, July 10, 2011 - 6:15pm | 2231Stocks 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 Friday's trading session (listed from highest total volume to lowest): 1) Melco Crown Entertainment (NASDAQ:...
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How to Lose Money: Buy Stocks With "China" In the Name
Friday, July 8, 2011 - 4:12pm | 274The recent collapse in the share price of Chinese reverse mergers is at this point widely known. But, what if investors had simply purchased a basket of companies with the name "China" somewhere in the security? Here are the performances of securities on the NYSE, containing the word "China,"...
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GOL Says It Is Under Discussions With Webjet Linhas Aereas
Friday, July 8, 2011 - 2:48pm | 64GOL Linhas Aereas Inteligentes S.A. (NYSE: GOL), a low-fare and low-cost airline in Latin America, in accordance with CVM no. 358/2002, hereby informs its shareholders and the market in general that it is under discussions with Webjet Linhas Aereas S.A and if there is any material fact necessary,...
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Pinnacle Airlines Names Edward Christie CFO
Friday, July 8, 2011 - 10:01am | 84Pinnacle Airlines Corp. (NASDAQ: PNCL) has named Edward (Ted) Christie as its new vice president and CFO. Christie, a partner at Vista Strategic Group LLC in Denver, Colo., succeeds Peter D. Hunt. He is expected to begin his new duties by July 25, 2011. Christie was previously senior vice...
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UPDATE: Evercore Raises PT on Copa Holdings to $74
Friday, July 8, 2011 - 9:20am | 85Evercore is out with its report today on Copa Holdings (NYSE: CPA), raising its PT from $72 to $74. In a note to clients, Evercore writes, "CPA shares currently trade at 11x and 9x P/E on our 2011 and 2012 estimates, respectively, vs. a historical forward multiple of ~10x. We are raising our price...
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Southwest Airlines June Revenue Passenger Miles +7.5%
Friday, July 8, 2011 - 8:46am | 91Southwest Airlines Co. (NYSE: LUV) today reported June 2011 traffic results for Southwest Airlines and AirTran Airways. AirTran Airways became a wholly owned subsidiary of Southwest Airlines Co. on May 2, 2011. The Company flew 9.6 billion revenue passenger miles (RPMs) in June 2011, compared...
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Evercore Raises PT On Copa Holdings To $74
Friday, July 8, 2011 - 8:23am | 27Evercore Partners has raised the price target on Copa Holdings (NYSE: CPA) from $72 to $74 and maintains its Overweight rating.
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Rodman & Renshaw Reiterates Market Outperform and PT of $14 on US Airways
Thursday, July 7, 2011 - 6:02am | 63Rodman & Renshaw reiterates its Market Outperform rating on US Airways (NYSE: LCC). At the same time, the rating agency left its price target on the company's stock unchanged at $14. On Wednesday, US Airways lost 1.3% of its value to finish the day at $8.34. Its shares edged a bit higher in...
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American Airlines June Traffic +1.3%
Wednesday, July 6, 2011 - 4:01pm | 74American Airlines (NYSE: AMR) reported its June traffic increased 1.3 percent versus the same period last year. Capacity increased 1.8 percent year over year, resulting in a load factor of 86.3 percent compared to 86.8 percent in the same period last year. International traffic increased by 4.8...
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Allegiant Receives Approval From FAA to Operate Boeing 757 Aircraft Type
Wednesday, July 6, 2011 - 2:52pm | 203Allegiant (Nasdaq: ALGT) has obtained approval from the Federal Aviation Administration to begin operating the Boeing (NYSE: BA) 757-200 aircraft type. "This is an important day for Allegiant," Andrew C. Levy, Allegiant Travel Company President, said. "The addition of the Boeing 757-200 will play...
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UPDATE: Delta Air Lines Reports June Traffic Decrease of 1.5% YoY
Wednesday, July 6, 2011 - 2:03pm | 86Delta Air Lines (NYSE: DAL) today reported traffic results for June 2011. System traffic in June 2011 decreased 1.5 percent compared to June 2010 on a 0.2 percent increase in capacity. System load factor of 86.3 percent was 1.4 points lower than the prior year. International traffic increased 0....
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J.P. Morgan Overweight On US Airways
Wednesday, July 6, 2011 - 12:57pm | 220J.P. Morgan Chase & Co. has a research report on US Airways Group, Inc. (NYSE: LCC), and it has an Overweight rating and a $18 price target on shares. The report comes as the company updated guidance. In a note to clients, J.P. Morgan writes, "LCC 2Q guidance represents the conclusion of the...