Alaska Air Group (ALK) to Acquire Virgin America (VA) in $4B Deal
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BofA/Merrill Lynch Upgrades Alaska Air (ALK) to Neutral
April 5, 2016 7:45 AM EDTBofA/Merrill Lynch upgraded Alaska Air (NYSE: ALK) from Underperform to Neutral.
For an analyst ratings summary and ratings history on Alaska Air click here. For more ratings news on Alaska Air click here.
Shares of Alaska Air closed at $78.92 yesterday.
... MoreMorgan Stanley Upgrades Virgin America (VA) to Equalweight
April 5, 2016 7:30 AM EDTMorgan Stanley upgraded Virgin America (NASDAQ: VA) from Underweight to Equalweight with a price target of $57.00 (from $33.00).
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 $55.11 yesterday.
... MoreJPMorgan Upgrades Alaska Air (ALK) to Neutral
April 4, 2016 2:17 PM EDTJPMorgan upgraded Alaska Air (NYSE: ALK) from Underweight to Neutral.
For an analyst ratings summary and ratings history on Alaska Air click here. For more ratings news on Alaska Air click here.
Shares of Alaska Air closed at $82.01 yesterday.
... MoreAlaska (ALK), Virgin (VA) Merger Seen as Positive for Both Companies, Says Deutsche Bank; JetBlue Airways (JBLU) Shares Pressured
April 4, 2016 11:22 AM EDTAlaska Air Group (NYSE: ALK) and Virgin America's (NASDAQ: VA) planned $4 billion merger is positive for both companies, said analyst Michael Linenberg of Deutsche Bank. The news is also seen as a negative for rival JetBlue Airways (NASDAQ: JBLU), which had reportedly also been interested in acquiring Virgin. Shares of JetBlue traded lower by 3% intraday following the announcement.
"The bottom-line is that we view this transaction as... More
Sterne Agee CRT Upgrades Virgin America (VA) to Neutral
April 4, 2016 9:26 AM EDTSterne Agee CRT upgraded Virgin America (NASDAQ: VA) from Underperform to Neutral with a price target of $57.00.
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 $38.90 yesterday.
... MoreSidoti Downgrades Virgin America (VA) to Neutral
April 4, 2016 9:25 AM EDTSidoti downgraded Virgin America (NASDAQ: VA) from Buy to Neutral with a price target of $57.00 (from $44.00).
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 $38.90 yesterday.
... MoreIAM Comments on Virgin America (VA), Alaska Air (ALK) Deal; Union Representation Still Undetermined
April 4, 2016 6:37 AM EDTInternational Association of Machinists and Aerospace Workers (IAM) General Vice President Sito Pantoja issued the following statement regarding the proposed merger of Alaska Airlines and Virgin America Airlines:
As expected, the industry consolidation among the major airlines is being repeated by smaller carriers trying to survive. While todays... More
