Latest news with #AngusHewitt
Bloomberg
16 hours ago
- Business
- Bloomberg
Last Qantas Bear Finally Surrenders After Stock Dips From Record
The sole bearish Qantas Airways Ltd. analyst has finally yielded, giving Chief Executive Officer Vanessa Hudson unanimous support from the market as she pushes through the biggest fleet overhaul in the Australian airline's 105-year history. Morningstar's Angus Hewitt has upgraded his rating on Qantas to hold, after maintaining a sell recommendation for the past nine months. Qantas shares have surged 78% in the past year, hitting a record high in early June, propelled by rising profits, a restored dividend and unrelenting demand for travel.
Bloomberg
4 days ago
- Business
- Bloomberg
Lone Qantas Bear Warns Rally at Risk From $13 Billion Fleet Tab
The last remaining bearish analyst covering Qantas Airways Ltd. is defying the stock's record rally, warning that the airline may yet be undone by a A$20 billion ($13 billion) bill to replace its aging fleet. Morningstar's Angus Hewitt has the only sell rating on Qantas among 16 analysts tracked by Bloomberg. He's watched on this year as shares in the Australian airline blasted through the target prices of his bullish rivals. The stock's 65% surge in the past 12 months makes Qantas the fourth-best performer on the Bloomberg World Airlines index.
