Alaska

Alaska Air price target raised to $60 from $55 at BofA

Published

3 weeks ago

on


https://www.tipranks.com/news/the-fly/alaska-air-price-target-raised-to-60-from-55-at-bofa

BofA raised the firm’s price target on Alaska Air (ALK) to $60 from $55 and keeps a Buy rating on the shares. Q3 results included just over 10 days of Hawaiian Airlines with EPS modestly ahead of expectations, but “more importantly,” the company spoke to mid-single digit unit revenue growth in Q4 and said recently acquired Hawaiian Airlines is expected to approach break even in Q4, the analyst tells investors.

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