Raymond James raised the firm’s price target on Alaska Air (ALK) to $71 from $65 and keeps an Outperform rating on the shares. The firm updated U.S. airlines earnings forecasts ahead of the Q4 reports. Raymond James has an improved view on the U.S. consumer and sees early indications of continued industry capacity and pricing discipline heading into 2026. Demand heading into 2026 seems to have recovered back to industry expectations, the analyst tells investors in a research note.
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