MESA - Mesa Air attracts buy rating from Deutsche Bank

Deutsche Bank hikes Mesa Air Group (MESA) to a Buy rating after having the airline stock slotted at Neutral. The firm points to demand trends that set up well for Mesa. Deutsche Bank analyst Michael Linenberg assigns a price target of $15 to MESA vs. the average Wall Street PT of $13.80. Shares of Mesa have traded in a wide range of $2.80 to $17.40 over the last 52 weeks. In premarket action today, MESA is down 4.04% to $10.46. Currently, Mesa Air trades below its 10-day and 50-day moving averages. Read the Mesa Air earnings conference call transcript during which execs pointed to a strong recovery in capacity.

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Mesa Air attracts buy rating from Deutsche Bank