Cowen Bumps Up Hawaiian Holdings Price Target By 31%

• Cowen analyst Helane Becker upgraded Hawaiian Holdings Inc (NASDAQ:HA) to Market Perform from Underperform and raised the price target to $23 (an upside of 13%), from $17.50.
• Becker believes long-haul domestic capacity is likely to leave the islands and move to international markets.
• The analyst notes, as we get deeper into 2022, it is likely borders will reopen, and pent-up international demand will return, causing airlines to move capacity out of Hawaii and into international markets. He believes Hawaiian Holdings will benefit from this shift.
• Price Action: HA shares are trading higher by 5.5% at $20.43 on the last check Thursday.