Banc of America/Merrill Lynch Downgraded a Number of Airlines (CAL, LCC, LUV, more)
Banc of America/Merrill Lynch downgraded a number of airlines today:
Downgraded from Buy to Neutral:
Continental (NYSE: CAL) target lifted from $22 to $24
JetBlue (Nasdaq: JBLU) target lifted from $6.50 to $8
UAL (Nasdaq: UAUA) target cut from $17 to $14
Downgraded from Buy to Underperform
AirTran (NYSE: AAI) $4 price target
Southwest (NYSE: LUV) target lowered from $14 to $9
US Airways (NYSE: LCC) $9 target
Reiterated Buy:
Alaska Air Group Inc. (NYSE: ALK) $40 tgt
AMR Corporation (NYSE: AMR) $15 tgt
Delta Airlines (NYSE: DAL) $16 tgt
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