Avondale Upgrades ExpressJet (XJT) to Outperform, Sees 250% Rise in Stock Price
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Shares of ExpressJet (NYSE: XJT) are continuing higher today following yesterday's news that the company will operate twenty-two ERJ-145 aircraft under the United Express brand, a partnership with UAL Corp. (Nasdaq: UAUA). The stock surged more than 41% yesterday on the announcement, and is adding to gains today, currently up 11.6% to $4.03.
Certainly helping today's move higher, an analyst from Avondale Partners upgraded the stock two-notches from Underperform to Market Outperform. The analyst also set a very lofty $14.50 price target, which would represent potential upside of more than 250% from where the stock is today.
To see all the analyst action on shares of ExpressJet, visit our Analyst Ratings page.
ExpressJet Holdings, Inc. owns strategic investments in the air transportation industry, and operates various divisions to leverage the assets of its subsidiaries, including ExpressJet Airlines, Inc. and ExpressJet Services, LLC.
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