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Citi Turns Bullish on Airline Stocks

from Seeking Alpha



“Citi is piggybacking off of Warren Buffett to turn bullish on several airline stocks,” writes Clark Schultz of Seeking Alpha. As of November 18, the investment firm issued “buy” notes on names like Allegiant Travel, Southwest Airlines, Delta Air Lines and American Airlines Group. Citi’s view on the industry reflects the broad theme that sector consolidation and an improved economy may potentially reap benefits, according to the article.

The new endorsements by both Citi and Warren Buffett look encouraging for the U.S. Global Jets ETF (JETS), which invests in the global airline industry. For more, check out the full article on SeekingAlpha.com.