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Market Roundup (CCL, NLY, GM, LCC, LFL, UAL, AMR, DAL)
Tuesday, January 4, 2011 - 12:48pm | 268Shares of Carnival PLC (NYSE: CCL) rose about 1.4% after analysts at Deutsche Bank upgraded company's stock from “hold” to “buy.” Deutsche Bank has a target price of $57.50 for the company. Shares of Annaly Capital Management Inc (NYSE: NLY) dropped about 2.5% after the company raised $1.29 billion...
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Dahlman Rose Downgrades Pinnacle Airlines To Hold
Tuesday, January 4, 2011 - 10:13am | 197Dahlman Rose is downgrading the common shares of Pinnacle Airlines (NASDAQ: PNCL) to Hold from Buy as the stock is above its $8 price target. Dahlman is forecasting 4Q10 EPS of $0.28 compared to $0.31 last year and compared to the $0.29 consensus estimate. Management expects 4Q10 net income to...
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Dahlman Rose Downgrading Pinnacle Airlines Corp. (PNCL)
Tuesday, January 4, 2011 - 10:10am | 158Dahlman Rose & Co. is downgrading shares of Pinnacle Airlines Corp. (NASDAQ: PNCL) to Hold from Buy. It has a $8 price target on shares. In a note sent to clients, Dahlman writes, "We are downgrading the common shares of Pinnacle Airlines to Hold from Buy as the stock is above our $8 price...
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Dahlman Rose Downgrades Pinnacle Airlines To Hold
Tuesday, January 4, 2011 - 9:04am | 26Dahlman Rose has downgraded Pinnacle Airlines Corporation (NASDAQ: PNCL) from Buy to Hold and maintains its $8 price target.
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Market Roundup (EXPE, OWW, UAL, LCC, AMR, MU)
Monday, January 3, 2011 - 1:27pm | 244Shares of Expedia Inc (NASDAQ: EXPE) and Orbitz Worldwide Inc. (NYSE: OWW) both dropped after Soleil Securities analyst Jake Fuller downgraded the stocks from “buy” to “hold.” Expedia shares lost around 3.1%, while Orbitz shares were down about 1% following the downgrade. Airline stocks gained...
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Expedia Drops American Airlines Tickets From Site
Sunday, January 2, 2011 - 10:06pm | 158Travel reservations Web site Expedia (Nasdaq: EXPE) has dropped American Airlines tickets from its Web site, adding more fuel to the fire in a contentious relationship between select online travel sites and some major airlines. American (NYSE: AMR) recently removed its fares from Expedia rival...
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Market Update (ENDP, UAL, GOL, TAM)
Thursday, December 30, 2010 - 12:04pm | 201US drug stocks moved down, while shares of Endo Pharmaceuticals (NASDQ: ENDP) gained about 2.7% as US regulators had given approval to the company's topical testosterone product Fortesta. The NYSE Arca Pharmaceutical Index (DRG) fell about 0.18%, while the NYSE Arca Biotechnology Index (BTK) moved...
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American Airlines Thanks Customers
Wednesday, December 29, 2010 - 6:02pm | 111American Airlines (NYSE: AMR) today thanked customers for their continued loyalty in the wake of a commercial dispute with two online travel agencies, Expedia and Orbitz, that is preventing American Airlines fares from being featured on those sites. American Airlines said it has seen a year-over-...
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GOL's New Agreement - Analyst Blog
Wednesday, December 29, 2010 - 6:00pm | 510Brazil's largest low-fare airline operator, GOL Linhas Aereas Inteligentes S.A. (GOL) entered into an agreement with one of the Brazilian domestic airline, Passaredo Linhas Aereas, to sell the latter's airline tickets. This new strategic agreement will add more routes to GOL and would...
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GOL's New Agreement - Analyst Blog
Wednesday, December 29, 2010 - 5:23pm | 510Brazil's largest low-fare airline operator, GOL Linhas Aereas Inteligentes S.A. (GOL) entered into an agreement with one of the Brazilian domestic airline, Passaredo Linhas Aereas, to sell the latter's airline tickets. This new strategic agreement will add more routes to GOL and would...
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LATAM Merger to Close in 2011 - Analyst Blog
Monday, December 27, 2010 - 3:00pm | 589The merger between LAN Airlines S.A. (LFL) and TAM S.A. (TAM), announced on August 2010, is expected to close by the mid of fiscal 2011. The merger is christened as LATAM Airlines Group S.A. (LATAM). On conclusion of the merger, LAN will become the parent company with a 73% stake in TAM and...
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LATAM Merger to Close in 2011 - Analyst Blog
Monday, December 27, 2010 - 2:45pm | 589The merger between LAN Airlines S.A. (LFL) and TAM S.A. (TAM), announced on August 2010, is expected to close by the mid of fiscal 2011. The merger is christened as LATAM Airlines Group S.A. (LATAM). On conclusion of the merger, LAN will become the parent company with a 73% stake in TAM and...
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Airline Stocks Being Hit On East Coast Winter Wonderland (DAL, CAL, JBLU)
Monday, December 27, 2010 - 1:19pm | 195Airline stocks are holding in there today, as a majority of the East Coast of the U.S. is being hit hard with a blizzard, more than two and a half feet in some cities. Companies like Delta (NYSE: DAL), United Continental Holdings (NYSE: UAL) and JetBlue Airways Corporation (NASDAQ: JBLU) are flat...
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US Stock Futures Down As China Lifts Key Rates
Monday, December 27, 2010 - 8:05am | 294US stock futures are lower this morning as China lifted its key lending and deposit rates. Futures for the Dow Jones Industrial Average dropped 28 points to 11,494.00 and those for the S&P 500 index fell 3.60 points to 1,249.40. Futures for the Nasdaq 100 index dipped 2.25 points to 2,228.25....
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Stocks To Watch For December 27 (CALM, NKE, LCC, UAL, AMR, APWR)
Monday, December 27, 2010 - 5:52am | 219Some of the stocks that may grab investor focus today are: Wall Street expects Cal-Maine Foods Inc (NASDAQ: CALM) to report its Q2 EPS at $0.76 on revenue of $231.19 million. CALM shares gained 0.02% to $33.83 in after-hours trading. Shares of Nike (NYSE: NKE) fell more than 4% in the previous week...