Clear Skies for Airline Stocks
Airline stocks took off Nov. 28, sparked by a second day of steep drops for crude oil futures and a bullish note on the regional carrier sector from Calyon Securities analyst Ray Neidl, who upgraded three regional carriers based on valuation. Crude oil prices dropped $3.72, to $90.70 a barrel on the New York Mercantile Exchange, amid concerns about a U.S. economic slowdown, a bearish inventory report, and talk of a production hike by OPEC.
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