JP Morgan Downgrades Alaska Air Group To Underweight

Analysts at JP Morgan downgraded Alaska Air Group ALK from Neutral to Underweight. The price target for Alaska Air Group has been lowered from $53.50 to $51.00. Alaska Air Group shares have gained 51.74% over the past 52 weeks, while the S&P 500 index has surged 12.42% in the same period. Alaska Air Group's shares dropped 1.64% to $52.04 in pre-market trading.