Deutsche Bank Upgrades SkyWest (SKYW) from Sell to Buy; Turnaround Well Underway

May 2, 2012 8:44 AM EDT
Get Alerts SKYW Hot Sheet
Price: $107.58 --0%

Rating Summary:
    9 Buy, 5 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 10 | Down: 18 | New: 20
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Deutsche Bank upgraded SkyWest (NASDAQ: SKYW) from Sell to Buy with a price target of $12.00.

Analyst, Michael Linenberg, said, "With the share price trading at a three year low (stock down 30% year-todate), and recent results suggesting that a turnaround is well underway, and our current price target of $12 implying 37% upside from last close, we believe a two notch upgrade from Sell to Buy is warranted."

For an analyst ratings summary and ratings history on SkyWest click here. For more ratings news on SkyWest click here.

Shares of SkyWest closed at $8.77 yesterday.


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