Michael Derchin

CRT Capital issued a note on JetBlue Airways Corporation (NASDAQ: JBLU) as the airline attempts to narrow the margin gap with its competitors. CRT Capital rates JetBlue as a Buy and raised its price target from $22 to $24. Analyst Michael Derchin wrote, "The $64 question for Buy-rated JetBlue...

CRT cut its price target on Delta Air Lines, Inc. (NYSE: DAL) on Wednesday from $63 to $59, and maintained a Buy rating on the stock. Analysts Michael Derchin and Adam Hackel noted that the stock traded at 4.8 times its estimated 2016 TEV/EBITDAR, which was "at the low end of the historic...

Virgin America Inc (NASDAQ: VA) reported fourth-quarter earnings on Wednesday that beat analyst estimates. Revenue for the quarter came in at $372.2 million versus the consensus estimate of $370.57 million. EPS was $1.16, $0.37 better than the estimate of $0.79. Analysts mainly cite the fall in...

CRT Capital raised its price target on Hawaiian Holdings, Inc. (NASDAQ: HA) from $27 to 31 Thursday and maintained a Buy rating. Analyst Michael Derchin noted that change is a “result of improving fundamentals.” The price target “assumes the stock trades at 5.5x estimated...