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Why Amazon Won't Be Able To Kill FedEx
Monday, October 9, 2017 - 3:35pm | 514Read More...Cowen said in a note Monday that investor concerns regarding FedEx Corporation (NYSE: FDX) facing a potential threat from Amazon.com, Inc. (NASDAQ: AMZN) are overblown. The firm believes the company is well-positioned to overcome new threats while continuing to improve long-term shareholder...
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Warren Buffett May Simply Take Over This Airline Entirely
Wednesday, February 22, 2017 - 2:42pm | 488Read More...Airline investors are thrilled that one of the most well-respected and successful investors on Wall Street has taken a massive stake in four different U.S. airline stocks in the last two quarters. Buffett Hits The Skies Berkshire Hathaway Inc. (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett recently...
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How Has Berkshire's Surprise Bet On Airlines Panned Out So Far?
Wednesday, January 4, 2017 - 4:37pm | 358Read More...After more than 70 years of being studied, emulated and critiqued, the world’s richest investor, Warren Buffett, still takes Wall Street by surprise every now and again. For years, Buffett ignored airline stocks. But, Berkshire Hathaway Inc. ’s Q3 13F filing revealed that the Oracle of...
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The Rationale Behind Cowen's Airline Bearishness
Wednesday, January 4, 2017 - 11:23am | 501Read More...In a note released on Wednesday, Cowen lowered its ratings on a host of airline stocks, including Air Canada (TSE: AC) (OTC: ACDVF), Alaska Air Group, Inc. (NYSE: ALK), American Airlines Group Inc (NASDAQ: AAL), JetBlue Airways Corporation (NASDAQ: JBLU), Spirit Airlines Incorporated (NASDAQ:...
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United CEO Makes Good On Goal To Become 'Less Predictable' With Announcement Of New President
Tuesday, August 30, 2016 - 4:02pm | 364Read More...United Continental Holdings Inc (NYSE: UAL) hired Scott Kirby as the new President, a role he previously held at American Airlines Group Inc (NASDAQ: AAL). Cowen, which maintained its Outperform rating on both stocks, believes the move is a major positive for United and neutral for American...
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Cowen Analysts Attempt To Quantify The Effect Of Delta's Power Outage
Monday, August 15, 2016 - 1:06pm | 390Read More...Delta Air Lines, Inc. (NYSE: DAL) suffered from an embarrassing system-wide outage last week that affected its entire operations. Related Link: Delta Deals With System-Wide Outage; Investors Sell The News Delta quickly fixed the issues which plagued its system, but it is still unclear the financial...
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Cowen Cuts Alaska Air Group EPS Estimates, Lowers Price Target
Tuesday, June 14, 2016 - 1:40pm | 275Read More...Cowen has slashed its EPS estimate and price target for Alaska Air Group, Inc. (NYSE: ALK) after the airline updated its second-quarter guidance and provided May unit revenue. Analyst Helane Becker cut the second-quarter EPS view to $2.05 from $2.13, compared to the consensus estimate of $2.11. For...
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Cowen: JetBlue Can Overcome April Revenue 'Blues'
Wednesday, April 27, 2016 - 9:52am | 258Read More...JetBlue Airways Corporation (NASDAQ: JBLU) guided to a 12.5 percent decline in its April unit revenue, significantly below expectations. Cowen’s Helane Becker upgraded the rating on the company from Market Perform to Outperform, with a price target of $24. Reasons To Buy JetBlue Becker...
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Dow Jones, Wall Street Journal Reporting Alaska Air To Buy Virgin America
Saturday, April 2, 2016 - 3:59pm | 548Read More...Citing people familiar with the matter, the Dow Jones has reported in its Wall Street Journal that Alaska Air Group, Inc. (NYSE: ALK) is likely to be the purchaser of Virgin America Inc (NASDAQ: VA) in an ongoing auction for the airliner. "The company is nearing a deal to buy Virgin America after...
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American Airlines Inflection Point Is On Its Way, Says Cowen Analyst Amid Upgrade
Monday, February 1, 2016 - 10:49am | 325Read More...Shares of American Airlines Group Inc (NASDAQ: AAL) have declined 20.56 percent over the past one year to a low of $38.14 on January 28. Cowen’s Helane Becker has upgraded the rating on the company from Market Perform to Outperform, while raising the price target from $47 to $48....
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Cowen Met With Southwest And American Airlines Management; Prefer This Stock
Thursday, November 19, 2015 - 10:52am | 388Read More...Southwest Airlines Co (NYSE: LUV) shares are up 9 percent year-to-date, while shares of American Airlines Group Inc (NASDAQ: AAL) are down 22 percent over the same period. Cowen & Co’s Helane Becker maintained an Outperform rating on Southwest and a Market Perform rating on...
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Cowen Is Upgrading Spirit Airlines; Will It Lift Investors' Spirits, Too?
Friday, September 25, 2015 - 3:16pm | 318Read More...Cowen and Company upgraded Spirit Airlines Incorporated (NASDAQ: SAVE) from Market Perform to Outperform on Friday. The firm established a price target of $60.00. Shares of Spirit Airlines are up more than 2.5 percent on Friday trading. In a report issued Friday, Cowen and Company analysts...
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SkyWest's Fleet Transition Could Be A Game Changer
Friday, September 4, 2015 - 7:37am | 251Read More...Shares of SkyWest, Inc. (NASDAQ: SKYW) has increased over 25 percent year-to-date. Cowen’s Helane Becker has upgraded the rating on SkyWest from Market Perform to Outperform, while raising the price target from $16 to $19. The company has initiated a fleet reduction program to...
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These Analysts Love FedEx's TNT Express Acquisition
Wednesday, April 8, 2015 - 12:50pm | 646Read More...On April 7, FedEx Corporation (NYSE: FDX) announced a deal to buy Dutch delivery firm TNT Express NV for $4.8 billion, or 4.4 billion euros. The deal is an all-cash public offer of 8 euros per share, which represents a 33 percent premium over TNT’s closing price on April 2. TNT’s...
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Cowen On JetBlue Airways And Its Top Picks
Thursday, March 12, 2015 - 2:45pm | 316Read More...Cowen commented on JetBlue Airways Corporation (NASDAQ: JBLU) Thursday and maintained a Market Perform rating and $18 price target. Analysts led by Helane Becker noted that "JetBlue lowered their capacity 1Q15 guidance as a result of winter storms impacting operations in New York City and...
