Existing users please login

Forgot Password

    Home / Markets / Industries / Transportation

    Tuesday, November 24, 2009

    Avondale Slashes Price Targets For Legacy Airlines

    | Respond to Editor | Print

     
    By Christopher Hinton
    MarketWatch Pulse
       

      NEW YORK -- Equity research firm Avondale Partners lowered the price targets for airline stocks under its coverage on Tuesday, saying the weaker economy will restrict profit growth through 2010. "Lacking the earnings that were once anticipated with the major capacity reductions that were implemented, airline stocks will now likely trade parallel with expectations of economic strength," the firm said. Avondale cut its price target for American parent AMR Corp. to $12 from $32, Continental to $22 from $49, Delta to $13 from $20, United parent UAL Corp. to $13 from $50, and US Airways to $10 from $32.

      Copyright © 2009 MarketWatch, Inc.

      Fox Business Video


      Last 5 Stocks

      • Ticker
      • Company
      • Price
      • Change
       

      Personal Finance - Investing - Financial News - Business News - Stock Market Quotes & News - Small Business

      Advertise with us | Jobs at FOX Business Network | Internships at FBN

      Terms of use. Privacy Statement. For FOXBusiness.com technical issues write to foxbusinessonline@foxbusiness.com; for all other feedback, write to feedback@foxbusiness.com.

      Quotes delayed at least 15 minutes. Market Data provided by Interactive Data (Terms & Conditions). Powered and implemented by Interactive Data Managed Solutions. Company fundamental data provided by Morningstar. Earnings estimates data provided by Zacks. Mutual fund data provided by Lipper. Economic data provided by Econoday. Dow Jones & Company Terms & Conditions.

      This material may not be published, broadcast, rewritten, or redistributed. ©2010 FOX News Network, LLC. All rights reserved.