Goldman Getting Less Bearish on Airlines; Raises PTs Across the Board (CAL, LUV, DAL, more)

Goldman Sachs is out with several research calls on numerous stocks in the airline sector today. The firm upgraded one stock, Continental Airlines (NYSE: CAL) and boosted price targets on seven airline stocks while cutting its price target on Southwest Airlines (NYSE: LUV). Despite the seemingly less-bearish sentiment, airline stocks are seeing mixed performance today as a jump crude oil has offset potential gains from the Goldman calls.

Goldman:

• upgraded Continental from Neutral to Buy and raised the stock's price target from $17 to $24. Shares of Continental are currently up 1.7% to $19.47.
  
• raised its price target on Alaska Air (NYSE: ALK) from $20 to $28 while maintaining a Neutral rating. The stock is up 1.5% to $30.02.
  
• lifted its price target on AMR Corp. (NYSE: AMR) from $9 to $10, but kept the stock at Sell. With shares of AMR trading around $11.24 today (up 1%), Goldman's price target represents potential downside of about 10.9% from current levels.
  
• cut its price target on Southwest Airlines (NYSE: LUV) from $12 to $9 and maintained a Neutral rating. Shares of Southwester are down about 3.8% to $8.63 on the news.
  
• boosted its price target on JetBlue Airways (Nasdaq: JBLU) from $4.50 to $7 and maintained a Neutral investment rating. Shares of JetBlue are down 4.3% to $6.92 today.
  
• raised its price target on US Airways (NYSE: LCC) from $5 to $7, but maintained a Sell rating on the stock. The stock most recently traded at $8.22, down 2% from yesterday's closing price.
  
• raised its price target on UAL Corp. (Nasdaq: UAUA) from $9 to $12. The firm maintained its Neutral rating. Shares of UAL are down 3% to $11.50.
  
• also raised its target on Delta Air Lines (NYSE: DAL) from $10 to $13 while maintaining its Buy rating. Despite the maintained Buy rating, shares of Delta are still down 2.6% to $11.82.

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