Alaska Air price target lowered to $42 from $50 at Barclays

Barclays analyst Brandon Oglenski lowered the firm’s price target on Alaska Air to $42 from $50 and keeps an Overweight rating on the shares. As a harbinger for remaining airline Q3 reports, American’s and Alaska’s results reinforce the challenges facing predominantly domestic, leisure oriented carriers relative to more consistent results from global, hub and spoke network airlines, the analyst tells investors in a research note.