Raymond James downgraded regional carrier SkyWest Inc. (SKYW, $12.94, -$0.88, -6.37%) to outperform from strong buy, saying in a note to clients that its previous rating "was supported by the expectation that SkyWest was best positioned to secure the majority of the aircraft in four potential new pieces of contractual flying for regional airlines with legacy carriers totaling 370 larger regional jets." But, says Raymond James, SkyWest has missed two of the four significant pieces of business as Delta Air Lines Inc. (DAL, $13.91, +$0.13, +0.94%) has awarded 40 regional jets to Pinnacle Airlines and American Airlines has awarded 53 regional jets to Republic Airways so the potential upside is lower.