After Skywest’s unsuccessful $3.50/share buyout of XJT a few days back, Calyon Securities upgraded ExpressJet to add from neutral yesterday.
”We see a high likelihood of the current proposed deal going through,” analyst Ray Neidl wrote in a research note. “It is possible that SkyWest will raise its bid to facilitate a transaction or that another suitor emerges, but we would not count on either happening.”
Very interesting with the stock below $3.
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