Alaska Air price target raised to $75 from $71 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Alaska Air to $75 from $71 and keeps an Overweight rating on the shares. The Q1 results were "squishy relative to expectations," but forward commentary pointed to continued demand strength and costs easing, the analyst tells investors. Jet fuel, corporate travel, and Spring Break could all provide "unique upside" in Q2 for Alaska Air, the analyst added.