Raymond James lowered the firm’s price target on Alaska Air (ALK) to $65 from $68 and keeps an Outperform rating on the shares. Alaska has faced a series of setbacks since mid-September, from a Q3 guidance cut and refinery fire to a tech outage and macro-driven EPS pressure, leaving the stock under scrutiny, the analyst tells investors in a research note. While core fundamentals remain solid, sentiment has turned cautious, making Alaska a “show-me” story, Raymond James says.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ALK:
- Alaska Air price target lowered to $83 from $90 at UBS
- Alaska Air says canceled more than 360 flights through Thursday and into Friday
- Positive Long-Term Outlook for Alaska Air Amid Challenges: Buy Rating Reiterated
- Alaska Air Reports Strong Q3 2025 Financial Results
- Alaska Air Faces IT Outage, Postpones Conference Call