Hawaiian Holdings shares look ‘fully valued’, says Argus

Argus keeps a Hold rating on Hawaiian Holdings while noting that the stock looks “fully valued”, also cutting the firm’s FY23 EPS view to ($4.14) from ($3.42). The company has had an exceptionally challenging 2022 amid attempts to rebuild its business, having been hurt by construction at Honolulu airport, as well as by parts shortages that took aircraft out of service, Argus states. While Hawaiian Holdings is now seeing modest revenue growth and increased demand for travel to Hawaii, the company has struggled with a challenging operating environment and more recently by the recent fires in Maui, the analyst tells investors in a research note.