Lehman Brothers Lifts Price Targets on a Number of Airlines (ALK, AMR, CAL, JBLU, LCC, UAUA, DAL, NWA)

August 28, 2008 11:13 AM EDT

Lehman Brothers raised its price targets and estimates on a number of airlines today, citing lower energy prices and favorable capacity outlook.

Alaska Air Group Inc. (NYSE: ALK) price target raised from $17 to $28, Equal-Weight rating.
AMR (NYSE: AMR) price target raised from $7.50 to $22, Equal-Weight rating.
Continental Airlines, Inc. (NYSE: CAL) price target raied from $9.50 to $22, Underweight rating.
JetBlue Airways Corporation (Nasdaq: JBLU) price target raised from $5.50 to $9, Overweight rating.
US Airways Group, Inc. (NYSE: LCC) price target raised from $4 to $12, Equal-Weight rating.
UAL Corporation (Nasdaq: UAUA) price target raised from $16.50 to $26, Overweight rating.
Delta Air Lines Inc. (NYSE: DAL) price target raised from $8.50 to $18, Overweight rating.
Northwest Airlines Corp. (NYSE: NWA) price target raised from $10 to $19, Overweight rating.

The firm also raised estimates on Southwest Airlines (NYSE: LUV) but left its price target unchanged at $11.


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Analyst Comments

Stocks Mentioned

ALK 23.32

+2.15 +10.16%
Volume: 880,975
Track ALK

AMR 8.45

+0.42 +5.23%
Volume: 9,350,443
Track AMR

CAL 14.78

+0.91 +6.56%
Volume: 8,704,780
Track CAL

DAL 8.47

+0.51 +6.41%
Volume: 9,416,803
Track DAL

JBLU 5.00

+0.24 +5.04%
Volume: 4,305,778
Track JBLU

LCC 6.00

+0.88 +17.19%
Volume: 7,608,314
Track LCC

LUV 8.33

+0.40 +5.04%
Volume: 10,515,475
Track LUV

NWA 9.90

+0.00 +0.00%
Volume: 15,676,884
Track NWA

UAUA 9.64

+0.70 +7.83%
Volume: 7,536,964
Track UAUA


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