Barclays analyst Brandon Oglenski upgraded Alaska Air to Overweight from Equal Weight with a price target of $62, up from $54. Airlines should benefit from strong demand this Spring, the analyst tells investors in a research note. The firm is swapping its "safe" airline recommendation from Southwest (LUV) to Alaska Air (ALK) and taking on more leverage risk with United (UAL) while stepping back from an "increasingly complex" Allegiant (ALGT).
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Published first on TheFly
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