Alaska Air price target lowered to $71 from $85 at Goldman Sachs

Goldman Sachs analyst Catherine O’Brien lowered the firm’s price target on Alaska Air (ALK) to $71 from $85 and keeps a Buy rating on the shares. The firm reducing its outlook for the US airlines to reflect a worse Q1 exit rate on increasing economic and geopolitical uncertainty. Goldman assumes this lower level of demand holds for the rest of 2025. This drives a material cut to the sector’s outlook, but the rate at which the industry is cutting capacity is encouraging, the analyst tells investors in a research note.