Posts for Ticker ‘ALK’

The Sucker Rally In Airline Stocks (UAUA)(CAL)(AMR)(LCC)

airplaneTry to balance the conventional wisdom about airline stocks. Audit Integrity has AMR (AMR) and Continental (CAL) on its list of large American companies most likely to go bankrupt. UBS upgraded several carriers to “buy” from “neutral”, and that has shares in AMR, Continental, US Air (LCC), United (UAUA), and Alaska Air (ALK) trading up sharply. United is trading up almost 6% to $9.34.

The UBS issued the upgrades because the carriers have shown that they can raise capital and because ticket prices may have stopped falling. Some of the airlines carry so much debt that bringing in money may be critical to their survivals. Read More »

Top Pre-Market Analyst Upgrades (ALK, AMR, AAPL, CAL, DAL, DELL, JPM, LDK, PENN, SCR, SNSS, LCC)

These are some of the top analyst upgrades and positive calls we are seeing this Tuesday morning:

  • Alaska Air (ALK) Raised to Overweight at JPMorgan.
  • AMR Corp. (AMR) Raised to Overweight at JPMorgan.
  • Apple (AAPL) Started as Outperform at Credit Suisse; reiterated Overweight at Lehman.
  • Continental Air (CAL) Raised to Overweight at JPMorgan.
  • Delta Air (DAL) Raised to Overweight at JPMorgan.
  • Dell (DELL) Started as Outperform at Credit Suisse.
  • JPMorgan Chase (JPM) Started as Outperform at Bernstein.
  • LDK Solar (LDK) Raised to Neutral at Piper Jaffray.
  • Penn National Gaming (PENN) Raised to Overweight at JPMorgan.
  • Simcere Pharmaceutical Group. (SCR) Started as Buy at Goldman Sachs.
  • Sunesis Pharmaceuticals Inc. (SNSS) Started as Buy at Piper Jaffray.
  • US Airways (LCC) Raised to Overweight at JPMorgan.

Jon C. Ogg
August 12, 2008