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

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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

DateFirmActionFromTo
Apr 2019Credit SuisseMaintainsOutperformOutperform
Mar 2019BuckinghamMaintainsBuyBuy
Mar 2019Imperial CapitalDowngradesOutperformIn-Line

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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Latest Ratings

StockFirmActionPT
PEPMorgan StanleyReiterates137.0
AZRXH.C. WainwrightMaintains7.0
PEPMacquarieMaintains138.0
POLBuckinghamMaintains36.0
BKBuckinghamMaintains53.0
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