Airline Sector Shrugs Off Analyst Upgrade as Crude Rises (LCC, LUV, NWA, more..)
Get Alerts LCC Hot Sheet
Price: $22.55 --0%
Rating Summary:
6 Buy, 2 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 8 | New: 14
Rating Summary:
6 Buy, 2 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 8 | New: 14
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Airline stocks are feeling downside pressure from slightly higher crude oil prices this morning, shrugging off an upgrade on the sector from Underweight to Market Weight by analysts at Credit Suisse. One of the only U.S airliners in positive territory today is US Airways (NYSE: LCC), which the firm upgraded from Neutral to Outperform.
Credit Suisse believes positive trends related to the airline sector currently outweigh negative developments. Despite risks to international sales due to slowing global growth, the firm believes the collapse in crude prices as well as strong expected demand moving forward should be bullish for the sector. Considering the recent rise in many of these airline names, Credit Suisse confirms that it still sees a good opportunity in the group.
Elsewhere in the sector:
Credit Suisse believes positive trends related to the airline sector currently outweigh negative developments. Despite risks to international sales due to slowing global growth, the firm believes the collapse in crude prices as well as strong expected demand moving forward should be bullish for the sector. Considering the recent rise in many of these airline names, Credit Suisse confirms that it still sees a good opportunity in the group.
Elsewhere in the sector:
- Southwest Airlines (NYSE: LUV) down 0.4%
- Northwest Airlines (NYSE: NWA) down 2.8% - Credit Suisse Top Pick
- AMR Corp. (NYSE: AMR) down 1.6%
- Delta Air Lines (NYSE: DAL) down 3.1% - Credit Suisse Top Pick
- Continental Airlines (NYSE: CAL) up 0.6%
- JetBlue (Nasdaq: JBLU) down 0.7%
- UAL Corp. (Nasdaq: UAUA) down 2%
- US Airways (NYSE: LCC) up 3.7%
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