Credit Suisse Starts Virgin America (VA) at Underperform

March 18, 2015 6:31 AM EDT
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Price: $56.98 --0%

Rating Summary:
    2 Buy, 8 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 6 | Down: 13 | New: 58
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Credit Suisse initiates coverage on Virgin America (NASDAQ: VA) with a Underperform rating and a price target of $31.00 on a relatively higher risk profile.

Analyst J. Yates cited: (1) has a concentrated network vulnerable to competitive capacity in key markets; (2) has a less attractive growth profile than other LCCs; (3) has a narrowing cost advantage; and (4) faces greater structural risks including potential repeal of LGA perimeter rule, headwinds in Dallas Love Field, and concentrated private equity ownership.

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

Shares of Virgin America closed at $34.42 yesterday.

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