Analyst David Coleman of Argus Research upgraded Hawaiian Holdings, Inc. (NASDAQ:HA) to a Buy rating with a price target of $51, marking a 11% increase from current levels. The analyst points out how its EPS nearly doubled in the second quarter. He credited this to strong demand for flights to Hawaii as well low fuel costs. Additionally, the company has been benefiting from “limited capacity growth on Hawaii-to-West Coast flights, as well as from expanded service to Japan and the purchase of new fuel-efficient aircraft.”
According to TipRanks, Coleman has a success rate of 74% with an average return of 6.5% per recommendation.