Raymond James Downgrades Alaska Air To Market Perform

Analysts at Raymond James downgraded Alaska Air Group ALK from Outperform to Market Perform and removed the target price of $55. Alaska Air Group shares have jumped 66.02% over the past 52 weeks, while the S&P 500 index has surged 20.69% in the same period. Alaska Air's shares gained 0.19% to close at $47.63 yesterday.