SkyWest upgraded to Strong Buy at Raymond James following recent pullback

Raymond James upgraded SkyWest (SKYW) to Strong Buy from Outperform with a $140 price target The upgrade follows the recent pullback and is based on earnings and valuation checks, the analyst tells investors in a research note. While macro risks abound and short-term bookings remain sensitive to headlines, the demand recovery first seen at the beginning of Q3 has continued to build, having greater implications for Q4 due to the forward sale of tickets, the firm says.