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Analysts Stock Upgrade And Downgrade For Mayl 10, 2011- SVNT, SVA, TLAB, INFI, LUV, GSIC, ARG, MTSC, ANF, TE, ASEI, SMT, DRWI, OXY, SPRD, CCIH
Tuesday, May 10, 2011 - 8:22am | 1160Lazard Capital downgraded shares of Savient Pharmaceuticals Inc. (SVNT) from a “buy” rating to a “neutral” rating, JPMorgan Chase & Co. (JPM) downgraded shares of Savient Pharmaceuticals Inc. from an “overweight” rating to a “neutral” rating as well. Zacks Investment Research upgraded shares...
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Hawaiian Holdings Announces Passenger Transports +2.4% YoY (HA)
Monday, May 9, 2011 - 4:02pm | 16Hawaiian Holdings (NYSE: HA) Announces Passenger Transports +2.4% YoY
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Options Brief: Republic Airways Holdings (RJET)
Monday, May 9, 2011 - 12:54pm | 82Shares of Republic Airways Holdings (NASDAQ: RJET) are lower on the session by 0.62%, trading at $4.81. Overall call volume is now running at 4.32x the daily average, with 58% of all calls traded being purchases on the offer. 4,437 contracts have traded on the session so far. Republic Airways...
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Copa Holdings April Consolidated Traffic up 27.2%
Monday, May 9, 2011 - 9:02am | 124Copa Holdings, S.A. (NYSE: CPA), today released preliminary passenger traffic statistics for April 2011: For the month of April 2011, Copa Holdings' system-wide passenger traffic (RPM) increased 27.2%, while capacity (ASM) increased 23.9%. System load factor for April 2011 was 75.5%, a 2.0...
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UPDATE: Morgan Stanley Downgrades LAN Airlines to Underweight (LFL)
Monday, May 9, 2011 - 8:56am | 103Morgan Stanley is out with its report today on LAN Airlines (NYSE: LFL), downgrading LFL from Equal-weight to Underweight. In a note to clients, Morgan Stanley writes, "We downgrade LFL as the stock looks expensive and assumes too much in the way of synergies and too little in the way of risks....
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Benzinga's Top Upgrades (LUV, CCIH, INFI, SPRD)
Monday, May 9, 2011 - 8:19am | 140Dahlman Rose upgraded Southwest Airlines Company (NYSE: LUV) from “hold” to “buy.” LUV's shares closed at $12.11 on Friday. Southwest Airlines' trailing-twelve-month revenue is $12.58 billion. Deutsche Bank upgraded ChinaCache International Holdings Ltd (NASDAQ: CCIH) from “hold” to “buy.” CCIH's...
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UPDATE: Dahlman Rose Upgrades Southwest Airlines To Buy
Monday, May 9, 2011 - 8:16am | 168Dahlman Rose is upgrading the common shares of Southwest (NYSE: LUV) to a Buy from a Hold. It believes the integration of AirTran Airways into Southwest will add significant revenue potential related to the Atlanta market. Management's expectations for $400 million in net synergies may prove...
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Merger Arbitrage Mondays – May 09, 2011
Monday, May 9, 2011 - 3:44am | 4838Merger activity decreased slightly last week with seven new deals announced and two closing. With four multi-billion dollar deals announced last week, according to Bloomberg 2011's global M&A activity now amounts to a total to $843 billion, a 23 percent increase from a year earlier. Deal...
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ETF Showdown: Flying The Crowded Skies
Friday, May 6, 2011 - 5:59pm | 480Think for a minute about all of the industry groups that ETFs offer exposure to. Then think about some that are arguably under-represented or not represented at all in the ETF universe. There's only one casino and gaming ETF out there. Auto companies such as Ford (NYSE: F) and General Motors (...
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Delta To Buy Out Employees, Offer Early Retirement (DAL)
Friday, May 6, 2011 - 2:42pm | 99Delta Air Lines Inc. (NYSE: DAL) said today that in light of rising fuel costs, the company will offer voluntary early retirements and buyouts to its employees. CEO Richard Anderson said today that the company will will cut capacity by at least 4%, which starts in September. At last check, shares...
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UPDATE: Dahlman Rose Upgrades Copa Holdings To Buy After Reporting Strong Earnings
Friday, May 6, 2011 - 9:17am | 201Copa Holdings (NYSE: CPA) reported strong 1Q11 earnings driven by substantially higher y/y revenues. Revenues were up due to a combination of higher air fares and fuel surcharges. Capacity growth is estimated to be ~20% this year as Copa adds more new cities from Tocumen International Airport in...
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Dahlman Rose Comments On Pinnacle Airlines Following Disappointing Earnings
Friday, May 6, 2011 - 9:03am | 174Pinnacle Airlines (NASDAQ: PNCL) reported disappointing 1Q11 earnings, as bad weather and higher pilot costs associated with a new contract had a major negative impact on revenues. Dahlman Rose is maintaining a Hold rating and cautious outlook on the shares. Dahlman Rose is estimating 2011 EPS of...
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Dahlman Rose Comments On Pinnacle Airlines Following Disappointing Earnings
Friday, May 6, 2011 - 9:03am | 174Pinnacle Airlines (NASDAQ: PNCL) reported disappointing 1Q11 earnings, as bad weather and higher pilot costs associated with a new contract had a major negative impact on revenues. Dahlman Rose is maintaining a Hold rating and cautious outlook on the shares. Dahlman Rose is estimating 2011 EPS of...
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Southwest Airlines April Revenue Passenger Miles up 8.7%
Friday, May 6, 2011 - 8:46am | 84Southwest Airlines Co. (NYSE: LUV) announced today that the Company flew 7.0 billion revenue passenger miles (RPMs) in April 2011, an 8.7 percent increase from the 6.5 billion RPMs flown in April 2010. Available seat miles (ASMs) increased 7.5 percent to 8.8 billion from the April 2010 level of 8....
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Delta Air Plans to Cut Capacity 'at Least 4%' this Fall -Bloomberg (DAL)
Friday, May 6, 2011 - 7:54am | 24Bloomberg reports that Delta Air (NYSE: DAL) plans to cut capacity `at least 4%' this fall.