Here are the biggest calls on Wall Street on Wednesday
Deutsche said investors should buy the airline's stock and that it had a "good" balance sheet and "solid" market position among other things.share price provides an attractive entry-point, in our view, as the stock is currently trading at 6.8x our 2020 EPS estimate of $2.40 or two standard deviations below its 10-year forward P/E average of 10.4x.
"We believe the CEO change represents a tactical opportunity for investors giving them time to weigh the results of the turnaround. We were surprised at the speed with which the board acted to effect this change and believe investors will likely give CEO Rob Lynch some time to demonstrate his strategy is working.
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