Alaska Air upgraded to Positive at Susquehanna, named a top pick in airlines

Susquehanna upgraded Alaska Air (ALK) to Positive from Neutral with a $95 price target The firm sees a favorable supply/demand balance heading into 2025 for U.S. carriers, with a new era of supply discipline and an emerging scenario for demand reacceleration, the analyst tells investors in a research note. The firm sees Alaska Accelerate supporting solid equity earnings, free cash flow generation, and return on invested capital expansion into 2026.