RBC Raises Comerica Price Target

RBC Raises Comerica Price Target

Comerica received a price-target increase from RBC Capital Markets after the financial-services company on Tuesday reported Q2 adjusted earnings per share above analysts’ expectations despite a slight revenue miss. The new price target from RBC is $82 per share, up from $78. In comparison, the stock closed Tuesday at $73.05, down 2.0% on the day. RBC kept its investment rating on the stock at outperform. RBC said its price-target boost […]

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JetBlue Airways June Traffic Rises

JetBlue Airways June Traffic Rises

JetBlue Airways reported that preliminary traffic for June increased 3.2% year-over-year, on a capacity increase of 4.0%. Load factor for June was 85.5%, a decrease of 0.7 points from June 2016. JetBlue’s preliminary completion factor was 97.5%, and its on-time performance was 60.6%. Q2 revenue per available seat mile (RASM) is expected to increase approximately 7% compared to Q2 of 2016. Q2 RASM was positively impacted by 1.25 points due […]

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Financial Stocks Slightly Lower

Financial Stocks Slightly Lower

Financial stocks were trending lower, with the NYSE Financial Sector Index falling nearly 0.4% while financial companies in the S&P 500 Index were declining about 0.3%. In company news, American International Group (AIG) was holding a moderate gain on Thursday, rising almost 1.3% to stay within a penny of its session high of $63.59 a share after the insurance conglomerate late Wednesday selected Peter Zaffino as its new global chief […]

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Carrizo Oil & Gas Prices Offering

Carrizo Oil & Gas Prices Offering

Carrizo Oil & Gas said late Thursday that it has priced its underwritten public offering of $250 million aggregate principal amount of 8.25% senior notes due 2025 pursuant to an existing shelf registration statement. Shares were down 2.3% in recent pre-market trade. The company intends to use the net proceeds for acquisition, debt repayments, and for general corporate purposes. The offering is expected to close on July 14, subject to […]

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