Airline stocks get downgraded at Deutsche Bank

Dow Jones2020-12-11

MW Airline stocks get downgraded at Deutsche Bank

U.S. airline companies could be in for "the greatest demand recovery since World War II in 2021," according to Deutsche Bank analyst Michael Linenberg, but he argued that their stocks look fairly valued after a big recent run up. Linenberg downgraded shares of American Airlines Group Inc. $(AAL.UK)$, Allegiant Travel Co. $(ALGT)$, Delta Air Lines Inc. $(DAL.UK)$, Hawaiian Holdings Inc. $(HA)$, JetBlue Airways Corp. $(JBLU)$, Southwest Airlines Co. $(LUV)$, Spirit Airlines Inc. $(SAVE.UK)$, Skywest Inc. $(SKYW)$, and United Airlines Holdings Inc. $(UAL)$ to hold from buy, writing that that he doesn't see too much room for upside in the sector. "The stocks are at or near fair value based on 2022 valuations (and in some cases, 2023), suggesting to us that investors' have already paid for two years of earnings growth," Linenberg wrote. The U.S. Global Jets ETF (JETS) has risen 31% over the past three months as the S&P 500 has increased 10%.

-Emily Bary; 415-439-6400; AskNewswires@dowjones.com

 

$(END)$ Dow Jones Newswires

December 11, 2020 08:36 ET (13:36 GMT)

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精彩评论

  • enjoylife168
    2020-12-14
    enjoylife168
    想压低吃货
  • 长兹特
    2020-12-11
    长兹特
    $美国航空(AAL)$德意志银行真是脑瘫,美国航空现在资产怎么着都能会到以前的高点,现在疫苗已经出来了。蔚来汽车一直都是高点还是建议买入,这个就说美国航空价格高了?就这种情况怎么可能破产?反观蔚来有多大的可能能击败积累几百年技术的各大汽车企业?真是屁股决定脑袋,大家不要相信这个玩意
    • 长兹特回复广东的冬
      哈哈,德意志银行也就能骗骗韭菜,聪明的人都在持仓。看前段时间新能源割的 [捂脸]
    • 广东的冬

      先砸下来,到15等华尔街上车,再来一波~

    • 广东的冬

      华尔街还没上车呢[笑哭]

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