TD Cowen raised the firm’s price target on Hawaiian Holdings (HA) to $18 from $13 and keeps a Hold rating on the shares. The firm noted Hawaiian Holdings and Alaska Air (ALK) announced that the DOJ’s review period of their proposed merger expired last night without the regulator announcing a lawsuit to block the deal. The companies will now work with the DOT to gain final approval for the transaction.
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Read More on HA:
- M&A News: Alaska Air-Hawaiian Airlines Merger Passes DOJ Antitrust Hurdle
- Alaska Air, Hawaiian Airlines clear antitrust hurdle for merger, WSJ says
- Hawaiian rallies following agreement with DOJ to extend merger review
- Alaska Airlines (NYSE:ALK) and Hawaiian Holdings Extend Acquisition Review Period
- Hawaiian Holdings put volume heavy and directionally bearish
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