Shares of SkyWest, Inc. (SKYW), a major regional airline operator, soared 5.39% on Monday, propelled by bullish analyst views and significantly raised price targets from TD Cowen, a leading research firm.
In a report released on Sunday, TD Cowen analyst Helane Becker reiterated a Buy rating on SkyWest, citing the company's strong financial performance and strategic initiatives. Becker set a price target of $12 on the stock, reflecting the firm's positive outlook on SkyWest's prospects.
Additionally, TD Cowen raised its price target on SkyWest to $120 from $95 on Monday, following another impressive earnings report from the airline. The substantial increase in the price target indicates the firm's heightened confidence in SkyWest's ability to deliver long-term growth and profitability.
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