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Who wins with weaker oil?

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Stephan Savoia/AP/File

(Read caption) In this Thursday, Jan. 20, 2011 photo a Jet Blue jet taxis at Boston's Logan International Airport. J.P. Morgan's airline analyst says it's time to buy airline stocks, writes guest blogger Joshua M. Brown.

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One of my key themes for this summer is weaker (relatively speaking) commodities. If I'm right (and I have been so far), one of the biggest beneficiaries will be the airline sector. I know we all hate these stocks but JPMorgan's legendary airline analyst Jamie Baker is basically saying to hold our noses and buy this morning.

Notable Calls, as always, has the crucial points rounded up nicely:

- AMR Corp (NYSE:AMR) to Overweight from Neutral with a $9.50 price target (prev. $8.50)

- JetBlue (NASDAQ:JBLU) to Overweight from Neutral with a $8.00 price target (prev. $7.00)

- US Airways Group (NYSE:LCC) price target moves to $18.00 from $13.50. The name remains OW rated.

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