Bloomberg - Feb 04, 2010Alaska Air Group, Inc. (ALK)
-
Jamie Baker
at
JP MorganThe 12 member Bloomberg US Airlines Index slid 36 percent, after recording its largest intraday drop since Oct 21
JPMorgan analyst Jamie Baker today reduced ratings on Houston based Continental, Delta Air Lines Inc and Alaska Air Group Inc, saying those shares are fairly valued At the same time, he forecast a 2010 operating profit of $78 billion for the US airline industry "Our enthusiasm for fundamental recovery should not be confused with an unrelenting bullishness toward all equities," the New York based analyst said in a note to investors "The identification of value, no longer just mere survival, is taking on renewed emphasis"
Share:
The 12 member Bloomberg US Airlines Index slid 36 percent, after recording its largest intraday drop since Oct 21<span class="sent"> JPMorgan analyst <span class="analyst">Jamie Baker</span> today reduced ratings on Houston based Continental, Delta Air Lines Inc and <span class="company">Alaska Air</span> Group Inc, saying those shares are fairly valued</span> At the same time, he forecast a 2010 operating profit of $78 billion for the US airline industry "Our enthusiasm for fundamental recovery should not be confused with an unrelenting bullishness toward all equities," the New York based analyst said in a note to investors "The identification of value, no longer just mere survival, is taking on renewed emphasis"...The 12 member Bloomberg US Airlines Index slid 36 percent, after recording its largest intraday drop since Oct 21<span class="sent"> JPMorgan analyst <span class="analyst">Jamie Baker</span> today reduced ratings on Houston based Continental, Delta Air Lines Inc and <span class="company">Alaska Air</span> Group Inc, saying those shares are fairly valued</span> At the same time, he forecast a 2010 operating profit of $78 billion for the US airline industry "Our enthusiasm for fundamental recovery should not be confused with an unrelenting bullishness toward all equities," the New York based analyst said in a note to investors "The identification of value, no longer just mere survival, is taking on renewed emphasis"
Tweet this