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Raymond James analyst Savanthi Syth has listed the updates on the U.S. airlines.
The analyst said in a survey conducted by Raymond James with about 100 investors, 56% said they expect to travel more for business trips in 2023.
Most airline stocks have lost altitude in a difficult 2022 environment, but one Wall Street analyst said Monday that 2023 could be a big year for airlines.
Morgan Stanley analyst Ravi Shanker issued the following changes to his airline coverage:
On CNBC’s "Mad Money Lightning Round," Jim Cramer recommended staying with Frontier Group Holdings Inc (NASDAQ: ULCC), and added that "I’m not going to go against an airline when people seem to want to travel more than they want to talk with people."
Gainers
UserTesting, Inc. (NYSE: USER) shares jumped 91.7% to close at $7.40 after the company announced it will be acquired by Thoma Bravo and Sunstone Partners for $1.3 billion. The company also reported better-than-expected Q3 sales results.
U.S. stocks closed mixed on Thursday, with the Dow Jones gaining close to 200 points. Here is the list of some big stocks recording gains in the previous session.