Alaska Air price target raised to $50 from $45 at Barclays

Barclays analyst Brandon Oglenski raised the firm’s price target on Alaska Air to $50 from $45 and keeps an Equal Weight rating on the shares. Airline stocks are discounting an eventual slowdown in demand, but better leveraging of cost structures through capacity growth and lower than feared jet fuel prices "could be powerful favorable offsets in 2023," Oglenski tells investors in a research note. The analyst says airline equities "could get some relief" in 2023 from better leveraging of cost structures, lower than feared energy prices and a still recovering travel economy, despite the market’s broader macro concerns.