SkyWest, Inc. (SKYW) stock is soaring 5.28% in Friday's pre-market trading session, following positive analyst actions that have boosted investor confidence in the regional airline operator.

Two major financial institutions have raised their target prices for SkyWest stock. Deutsche Bank has increased its target price to $130 from $127, while Raymond James has made an even more bullish move, raising its target from $140 to $150. These upgrades represent a vote of confidence in SkyWest's future prospects and financial performance.

The raised target prices from prominent analysts are likely driving the pre-market rally in SkyWest shares. Such upgrades often signal to investors that financial experts see potential for further growth and improved performance in the company. This positive sentiment could lead to increased buying pressure and potentially sustain the stock's upward momentum as the regular trading session begins.