This morning, Deutsche Bank initiated coverage of both Southwest Airlines (NYSE:LUV) and Delta Airlines (NYSE:DAL) with buy ratings as the firm is growing more bullish on the airline sector. The firm believes Southwest has a strong balance sheet that should generate strong earnings this year and that Delta has handled the merger with Northwest well and is on a good path now. With the buy ratings, Deutsche Bank set a price target of $15 per share on Southwest Airlines and $17 per share on Delta.
Shares of Delta were up nearly 4% following the new coverage, while shares of Southwest up more than 2.5% this morning.
Soleil Securities upgraded shares of MGM Mirage (NYSE:MGM) from sell to hold as the company has taken strides to improve its balance sheet. With debt issues being pushed to the back burner and the Las Vegas economy improving, the firm has set a price target of $13 per share.
In morning trading, shares of MGM were higher by about 3.6% following the upgrade.
And Goldman Sachs raised its price target on shares of Clean Harbors (NYSE:CLH) to $72 per share as the company has generated strong earnings following the BP spill in the Gulf of Mexico. The firm maintains its neutral rating, but has upped its EPS estimates for the year.
Shares of Clean Harbors were trading modestly higher, gainin about 1% so far.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
X
Wait! Don't leave yet.
Want to receive our latest research absolutely free?
⤹
Click the button below for your complimentary copy of Your Early Retirement Portfolio: Dividends Up to 8.7%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 8.7%.