Michael Derchin

Based on the latest share prices and the respective one-year price targets, the list of top five equity investment opportunities represents an average upside potential of ~22 percent, Imperial Capital’s Michael Derchin said in a report. All the stocks have Outperform ratings. 1. Ascent...

Labor and fleet transition costs are likely to exert pressure on Allegiant Travel Company (NASDAQ: ALGT)'s earnings in 2017 and 2018, Imperial Capital’s Michael Derchin said in a report. He downgraded the rating on the company from Outperform to In Line, while reducing the price target from $...

Airline stocks have surged since mid-August on higher bookings, signs of improved capacity discipline in 2017, Berkshire Hathaway Inc (NYSE: BRK.A) (NYSE: BRK.B)'s surprise investments in the sector and a post-election rally in cyclical stocks, Imperial Capital’s Michael Derchin said in a...

Shares of United Continental Holdings Inc (NYSE: UAL) have gained nearly 45 percent since August 23. The run up has been driven by “positive management changes, labor agreements, and improvement in close-in bookings,” Imperial Capital’s Michael Derchin said in a report. He...

Imperial Capital has started coverage of Allegiant Travel Company (NASDAQ: ALGT) with an Outperform rating and $164 price target, citing the company's differentiated low cost business model with strong growth prospects. Allegiant is focusing on capturing customers from small cities, where there is...

Although Spirit Airlines Incorporated (NASDAQ: SAVE) has a successful ultra-low cost model and among the highest pretax margins in the industry on a consistent basis, Imperial Capital’s Michael Derchin noted that the stock has declined more than 50 percent from its December 2014 highs....

While JetBlue Airways Corporation (NASDAQ: JBLU) faces exciting growth opportunities, its shares already reflect Zika fears, Imperial Capital’s Michael Derchin said in a report. He initiated coverage of the company with an Outperform and $21 price target. JetBlue’s shares have lost...

Over the past ten years, Hawaiian Holdings, Inc. (NASDAQ: HA) has undergone a dramatic route and fleet transformation and now appears “well positioned to reap the margin benefits of a balanced route network and growth opportunities ahead,” Imperial Capital’s Michael Derchin said...

American Airlines Group Inc’s (NASDAQ: AAL) strong management is likely to be put to the test by new international uncertainties and continuing RASM declines in the domestic market, Imperial Capital’s Michael Derchin said in a report. He initiated coverage of the company with an In-...

While Delta Air Lines, Inc. (NYSE: DAL) seems to be “the highest quality carrier among the Big 3,” there are near-term uncertainties, Imperial Capital’s Michael Derchin said in a report. He initiated coverage of Delta with an In-Line rating and $41 price target. Best Of US Big...

Shares of American Airlines Group Inc (NASDAQ: AAL) have declined 21.98 percent over the past one year, to $38.86 on January 19. Michael Derchin of Stern Agee CRT has maintained a Buy rating on the company, with a price target of $52. The company is expected to benefit from the robust...