Imperial Capital initiates coverage on SkyWest (SKYW) with an In-line
SKYW Hot Sheet
Rating Summary:4 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 23
Imperial Capital initiates coverage on SkyWest (Nasdaq: SKYW) with an In-line rating. Valuing the Shares in a Range of $12-16.
Imperial analyst says, "We believe SKYW has modest upside potential with the successful closing of the ExpressJet (NYSE: XJT) acquisition but expect it to continue to trade around current levels at least in the near term, with generally positive company-specific factors somewhat tempered by tough industry dynamics: (1) XJT provides scale and potential margin improvement; (2) regional airlines by nature are largely reliant on a limited number of partners, with Delta and United constituting 54% and 45% of SKYW’s fleet as of 6/30/10; (3) SKYW’s strong cash position, with a stock repurchase program under way..."
To see all the upgrades/downgrades on shares of SKYW, visit our Analyst Ratings page.
The 52-wk trading range is $11.38 - 18.08.
Discover Wall Street's best ratings calls with the pros - Upgrade to Ratings Insider Elite. Free Trial!
Imperial analyst says, "We believe SKYW has modest upside potential with the successful closing of the ExpressJet (NYSE: XJT) acquisition but expect it to continue to trade around current levels at least in the near term, with generally positive company-specific factors somewhat tempered by tough industry dynamics: (1) XJT provides scale and potential margin improvement; (2) regional airlines by nature are largely reliant on a limited number of partners, with Delta and United constituting 54% and 45% of SKYW’s fleet as of 6/30/10; (3) SKYW’s strong cash position, with a stock repurchase program under way..."
To see all the upgrades/downgrades on shares of SKYW, visit our Analyst Ratings page.
The 52-wk trading range is $11.38 - 18.08.
Discover Wall Street's best ratings calls with the pros - Upgrade to Ratings Insider Elite. Free Trial!
You May Also Be Interested In
- UPDATE: Capstone Starts Facebook (FB) at Hold as Premium Multiple Not Justified
- Wedbush Downgrades Maxwell Technologies (MXWL) to Neutral; Elevated Competitive and Supply Chain Risks
- Goldman Sachs Boosts Numbers on PVH Corp (PVH) After Q1 Beat
Create E-mail Alert Related Categories
New CoverageRelated Entities
Stock BuybackSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
