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ATA posts

Analyst Calls: ANN, BIP, DUK, FHN, ISLE, JCG, POM, RE, SMT ...

Posted Aug 24th 2010 11:30AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Duke Energy (DUK), Analyst Initiations

Analyst Upgrades

RBC Capital upgraded Brookfield Infrastructure (BIP) to outperform from sector perform with a $20 target. The firm thinks the units' valuation is compelling, while the company's proposed acquisition of assets is positive.
Stifel upgraded First Horizon (FHN) to buy from hold based on valuation and its path towards normalized profitability. The firm has a $15 price target on the stock.
KeyBanc upgraded Isle of Capri (ISLE) to buy from hold based on improved earnings growth and valuation. The firm has a $13 target on the stock.
ATA Inc. (ATAI) was upgraded to neutral from underweight at Piper Jaffray.
Buckeye Partners (BPL) was upgraded to neutral from sell at Goldman.
Sinopec (SNP) was upgraded to overweight from neutral at HSBC.

Continue reading Analyst Calls: ANN, BIP, DUK, FHN, ISLE, JCG, POM, RE, SMT ...

ATA Airlines files for bankruptcy; cancels all flights

Posted Apr 3rd 2008 10:00AM by Michael Fowlkes (RSS feed)
Filed under: Other Issues, Bad News, Press Releases, Products and Services, Management, Industry, Consumer Experience, Competitive Strategy, Employees, Southwest Airlines (LUV)

Two years after coming out of bankruptcy, ATA airlines has once again been forced to file for chapter 11. The airline canceled all flights, and has advised travelers to start to look for alternative travel arrangements.

The airline operated roughly 50 flights a day, and had more than 2,200 employees working. On its website, ATA has issued a formal statement and blamed the final straw for its collapse on the loss of a key military contract. In 2006, the company had won a $335 million dollar contract from the U.S. Air Force for international airlift services.

In its statement, ATA has advised passengers to contact their credit card company, or travel agent to discuss the options to get refunded for their unused tickets.

Continue reading ATA Airlines files for bankruptcy; cancels all flights