Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

CSFB Upgrades Continental Air to 'Outperform'

Credit Suisse First Boston upgraded Continental Airlines (CAL) to outperform from neutral.

Analyst James Higgins is tilting his bias in the airline group toward more leverage in what he expects to be a gradually improving economy. He cited a substantial increase in his liquidity forecast for Continental, driven by the explicit recognition of a potential benefit of the sale of the carrier's 53.1% stake in ExpressJet Holdings. He estimates that the year-end 2003 liquidity potential for Continental could be as high as about $1.3 billion.

Higgins also cited Continental's relatively strong operating cash flows, which have been driven by its comparatively low costs and superior revenue momentum. He maintains his $16 12-month target.

blog comments powered by Disqus