Alaska Air price target lowered to $55 from $62 at Barclays

Barclays lowered the firm’s price target on Alaska Air (ALK) to $55 from $62 and keeps an Overweight rating on the shares post the Q1 report. Alaska should remain one of the more profitable primarily domestic airlines in 2025 despite a softer Q2 outlook, the analyst tells investors in a research note. In the long-term, the firm sees benefits from the Hawaiian integration as likely to drive material earnings accretion for “patient shareholders.”