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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on ALK:
- Alaska Air Shows Strong Q3 Results and Growth
- Alaska Air reports Q3 adjusted EPS $2.25, consensus $2.17
- Alaska Air sees Q4 adjusted EPS 20c-40c, consensus 63c
- Boeing to offer 90M common shares, Philips reports mixed Q3: Morning Buzz
- Alaska Air upgraded to Buy from Hold at Melius Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
