Citi raised the firm’s price target on Alaska Air (ALK) to $74 from $63 and keeps a Buy rating on the shares. Alaska Air’s integration of Hawaiian Airlines appears to be outperforming what Citi is are accustomed to seeing in historical airline mergers in the Americas, the analyst tells investors in a research note. The firm says management seems to have some “very attractive opportunities” regarding how to maximize the carrier’s brands, while no post-merger margin dilution “also seems to be an impressive feat.”
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