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UPDATE: Imperial Capital Upgrades Alaska Air Group as Recent Stock Performance Seems Unwarranted

Related ALK
Higher Fuel Costs For Alaska Air Offset By Top-Line Improvement
Airline Earnings Have Finished Boarding

In a report published Wednesday, Imperial Capital analyst Bob McAdoo upgraded the rating on Alaska Air Group (NYSE: ALK) from In-Line to Outperform, and raised the price target from $63.00 to $70.00.

In the report, Imperial Capital noted, “We are upgrading our rating on ALK share to Outperform from In-Line and raising our one-year price target to $70 from $63 as recent stock underperformance seems unwarranted, in our view. Our price target is about 11% above the recent share price. We believe Delta's increasing presence in the Seattle market likely represents a net positive for Alaska Airlines.”

Alaska Air Group closed on Tuesday at $62.70.

Latest Ratings for ALK

Oct 2016Buckingham ResearchUpgradesNeutralBuy
Sep 2016Imperial CapitalInitiates Coverage onIn-Line
Jul 2016JP MorganUpgradesNeutralOverweight

View More Analyst Ratings for ALK
View the Latest Analyst Ratings

Posted-In: Bob McAdoo imperial capitalAnalyst Color Upgrades Analyst Ratings


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