Pinnacle Airlines rises on upgrade
Shares of Pinnacle Airlines Corp. (Nasdaq:PNCL) have taken flight on news before the opening that the holding company was upgraded to “overweight” from “underweight” by financial services giant JPMorgan Chase & Co. (NYSE:JPM). The Memphis-based operator of regional airlines will report strong cash flow in the coming years, according to news reports of a research note published before the opening.
At 12:20 p.m. ET, the stock had ascended $0.68, or 8%, to $9.09. For detailed price information and recent news stories about Pinnacle Airlines, click PNCL.
