Sterne Agee Starts Airline Stocks: AMR, DAL, UAL, JBLU, ALGT at Buy, LCC, LUV at Neutral

Sterne Agee's Jeff Kauffman initiated coverage on the following Airline stocks late Thursday:

• AMR Corp. (NYSE: AMR) with a Buy rating and a $6 price target
  
• Delta (NYSE: DAL) with a Buy rating and a $18 price target
  
• UAL Corp. (NYSE: UAL) with a Buy rating and a $38 price target
  
• JetBlue (Nasdaq: JBLU) with a Buy rating and a $10 price target
  
• Allegiant Travel (Nasdaq: ALGT) with a Buy rating and a $60 price target
  
• US Airways (NYSE: LCC) with a Neutral rating and a $12 price target
  
• Southwest Air (NYSE: LUV) with a Neutral rating and a $16 price target

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