$RJET> DEUTSCHE BANK DOWNGRADES REPUBLIC AIRWAYS,
Post# of 23091
Posted On: 07/28/2015 8:28:08 AM
$RJET> DEUTSCHE BANK DOWNGRADES REPUBLIC AIRWAYS, SLASHES PRICE TARGET TO $9
Monday 07/27/2015 03:32 PM ET - S&P Capital IQ's Views and News
In a report published Monday, Deutsche Bank analyst Michael Linenberg downgraded the rating on Republic Airways Holdings, Inc. (NASDAQ: RJET) from Buy to Hold, while lowering the price target from $15 to $9, following the uncertain and lowered earnings outlook of the company. The company is struggling with pilot shortfall due to regulatory changes, including a much longer time required for pilots to qualify to become first officers, as well as increased restrictions on pilot duty and flight times. In addition, the ongoing dispute with the International Brotherhood of Teamsters, who represent Republic Airways' pilots for more than five years. Teamsters has been "negotiating over an amended contract for more than five years. The union has advised its pilot membership against bidding for additional time to help the company alleviate its staffing challenges," Linenberg said. According to the Deutsche Bank report, "Turning to risks, consolidation among the major carriers, which has resulted in fewer hubs, and therefore, a need for fewer regional jets to feed those hubs has negatively impacted aggregate demand for the smallest regional jets, particularly 37-50 seaters." The EPS estimate for 2015 has been reduced from $1.05 to $0.35 "due to 5 percent reduction in block hours for the June, Sep, and Dec Qs as the company struggles with pilot staffing issues," Linenberg added. View More Analyst Ratings for RJETView the Latest Analyst Ratings Write to editorial@benzinga.com with any questions about this content. Subscribe to Benzinga PRO: http://pro.benzinga.com 2015 Benzinga Newswires. Benzinga does not provide investment advice. All rights reserved. Acquire Media
Monday 07/27/2015 03:32 PM ET - S&P Capital IQ's Views and News
In a report published Monday, Deutsche Bank analyst Michael Linenberg downgraded the rating on Republic Airways Holdings, Inc. (NASDAQ: RJET) from Buy to Hold, while lowering the price target from $15 to $9, following the uncertain and lowered earnings outlook of the company. The company is struggling with pilot shortfall due to regulatory changes, including a much longer time required for pilots to qualify to become first officers, as well as increased restrictions on pilot duty and flight times. In addition, the ongoing dispute with the International Brotherhood of Teamsters, who represent Republic Airways' pilots for more than five years. Teamsters has been "negotiating over an amended contract for more than five years. The union has advised its pilot membership against bidding for additional time to help the company alleviate its staffing challenges," Linenberg said. According to the Deutsche Bank report, "Turning to risks, consolidation among the major carriers, which has resulted in fewer hubs, and therefore, a need for fewer regional jets to feed those hubs has negatively impacted aggregate demand for the smallest regional jets, particularly 37-50 seaters." The EPS estimate for 2015 has been reduced from $1.05 to $0.35 "due to 5 percent reduction in block hours for the June, Sep, and Dec Qs as the company struggles with pilot staffing issues," Linenberg added. View More Analyst Ratings for RJETView the Latest Analyst Ratings Write to editorial@benzinga.com with any questions about this content. Subscribe to Benzinga PRO: http://pro.benzinga.com 2015 Benzinga Newswires. Benzinga does not provide investment advice. All rights reserved. Acquire Media
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I'm in it to win it!
NASDAQ DIP and RIP
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NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'