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Wall Street Has a Bullish Stance on US Airline Stocks

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Jan. 3 2019, Updated 7:31 a.m. ET

Analysts’ bullish stance

Analysts are bullish on the airline industry (JETS) and have provided “buy” recommendations on the majority of stocks in the space.

Goldman Sachs’ (GS) top picks in the space are American Airlines (AAL) and Alaska Air Group (ALK). Apart from Alaska Air, Credit Suisse’s (CS) favorites include Delta Air Lines (DAL) and United Continental (UAL).

American Airlines has a consensus rating of ~2 from analysts polled by Reuters. Nearly 74% of analysts have provided bullish recommendations on the stock. Five of the 19 analysts tracking the stock have given it “strong buy” ratings, nine have given it “buy” ratings, and the remaining five have given it “hold” ratings. Analysts’ target price of $48.83 on the stock represents a potential 52% upside from its current price of $32.11.

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Alaska Air Group

Alaska Air Group has a consensus rating of ~2.13 from analysts polled by Reuters. The stock has received bullish recommendations from ~69% of analysts. Four of the 16 analysts tracking the stock have given it “strong buy” ratings, seven have given it “buy” ratings, four have given it “hold” ratings, and the remaining analyst has given it a “sell” rating. Analysts’ one-year target price of $81.87 on the stock represents a potential 34.5% upside from its current price of $60.85.

Delta Air Lines

Analysts polled by Reuters have provided a consensus rating of ~1.65 for Delta Air Lines. Nearly 95% of analysts have provided bullish recommendations on the stock. Of the 20 analysts tracking the stock, eight have given it “strong buy” ratings, 11 have given it “buy” ratings, and one has given it a “hold” rating. Analysts’ target price of $69.37 on the stock represents a potential 39% upside from its current price of $49.90.

United Continental

United Continental has a consensus rating of ~2.16 from analysts polled by Reuters. About 53% of analysts have provided bullish recommendations on the stock. Six of the 19 analysts tracking the stock have given it “strong buy” ratings, four have given it “buy” ratings, and the remaining nine have given it “hold” ratings. Analysts’ target price of $105.59 on the stock represents a potential 26.1% upside from its current price of $83.73.

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