Market Overview

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


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

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


Related Articles (ALK)

View Comments and Join the Discussion!

Latest Ratings

PEPMorgan StanleyReiterates137.0
AZRXH.C. WainwrightMaintains7.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You
for registering for Benzinga’s newsletters and alerts.
• The Daily Analysts Ratings email will be received daily between 7am and 10am.
• The Market in 5 Minutes email will be received daily between 7am and 8am.
• The Fintech Focus email will be received every Friday between 2pm and 5pm.

UPDATE: Macquarie Upgrades Sprint on Entry Point Created by Recent Share Weakness

UPDATE: Goldman Sachs Reinstates Coverage on American Tower on Increasing Capital Intensity of U.S. Wireless Carriers