Alaska Air price target lowered to $60 from $70 at BofA

BofA analyst Andrew Didora lowered the firm’s price target on Alaska Air (ALK) to $60 from $70 and keeps a Buy rating on the shares. The Alaska earnings call was “generally positive,” with management focused on controlling what it can control in these uncertain times, the analyst tells investors. Management “sounded confident” in its plan and reiterated its over $10 in EPS goal in 2027, but despite this confidence the firm “meaningfully” lowered its 2025 EPS estimate to $4.02 from $5.68 as it rolled current trends through the rest of the year, the analyst added.