JPMorgan raised the firm’s price target on Alaska Air (ALK) to $89 from $85 and keeps an Overweight rating on the shares. The firm thinks Alaska “will reliably be lumped into the Legacy peer group and should trade with a valuation as such.”
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ALK:
- Alaska Air flight attendants ratify new three-year contract
- Alaska Air call volume above normal and directionally bullish
- Tesla (TSLA) Is the Best Stock to Short, Says Wolfe Research
- Alaska Air Group’s Financial Stability at Risk Amid Costly Hawaiian Airlines Acquisition
- Sector Spotlight: JetBlue plummets as airlines report fourth quarter earnings