Dahlman Rose Downgrades Pinnacle Airlines (PNCL) to Sell; Operational and Balance Sheet Concerns

Dahlman Rose downgraded Pinnacle Airlines (NASDAQ: PNCL) from Hold to Sell with a price target of $0.75.

Dahlman analyst says, "We believe Pinnacle's operational issues will cause continued losses through at least 1H2012. The company has had operational issues this year. We believe it will have to restructure its operations and balance sheet, and it is possible the only way may through the courts."

For an analyst ratings summary and ratings history on Pinnacle Airlines click here. For more ratings news on Pinnacle Airlines click here.

Shares of Pinnacle Airlines closed at $1.39 yesterday.

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