Alaska Air price target lowered to $77 from $83 at UBS

UBS lowered the firm’s price target on Alaska Air (ALK) to $77 from $83 and keeps a Buy rating on the shares. Alaska Air has very easy compares throughout 2026 given its 2025 was impacted by the macro and airline slowdown but also from multiple IT, weather, fuel, and other disruptions, the analyst tells investors in a research note.