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Why Virgin America Remains 'Underappreciated'

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Virgin America NYSE:VA - Why Virgin America Remains 'Underappreciated'
  • Daniel McKenzie of BRG maintained a Buy rating on Virgin America with a price target raised to $50 from a previous $47.
  • McKenzie's revised price target stems from lower fuel expense and "incremental confidence" in its revenue outlook growth.

Buckingham Research Group analyst Daniel McKenzie is incrementally more bullish on Virgin America following a recent meeting with the company's management team.

In a report published Thursday, McKenzie maintained a Buy...