TD Cowen analyst Tom Fitzgerald raised the firm’s price target on Alaska Air (ALK) to $62 from $54 and keeps a Buy rating on the shares. The firm updated its estimates following Q1 results and Q2 guidance where they see upside from merger synergies, growth in premium/loyalty, and ramp of new long-haul markets.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% 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 $55 from $62 at Barclays
- Alaska Air Group Reports Q1 2025 Financial Results
- AAL Earnings: American Airlines Admits it is Flying Blind as it Drops 2025 Forecasts on Tariff Turbulence
- Alaska Air falls -11.9%
- Alaska Air’s Resilience and Strategic Moves Justify Buy Rating Amid Market Challenges