Strange: Bullish SKYW Analysts Actually See -6.91% Downside

Analyst ratings can sometimes be complicated, and we here at ETF Channel have noticed a bit of a paradox with SkyWest Inc. (NASD: SKYW). The average 12-month price target for SKYW — averaging the work of 4 analysts — reveals an average price target of $26.25/share. That's a whopping -6.91% below where SKYW has been trading recently at $28.20/share. With this kind of downside potential (should SKYW fall to that price target), one might expect to see a high concentration of "hold" or even "sel...