TD Cowen analyst Helane Becker raised the firm’s price target on Alaska Air to $49 from $41 and keeps a Buy rating on the shares. The firm noted they announced in filing they will receive compensation from Boeing (BA) relating to the MAX aircraft incident in January. Cowen said it will be reflected in the cash flow statement but not the income statement while the earnings form operations appear to be better than originally expected.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ALK:
- Alaska (NYSE:ALK) Expects Wider Loss in Q1
- Alaska Air Shares Operational Performance Insights
- Alaska Air’s (NYSE:ALK) Grounded Fleet Raises Long-Term Growth Concerns
- Boeing CEO change timing provides stability, says Morgan Stanley
- Airline bosses seek meetings with Boeing to address quality problems, WSJ says