UBS raised the firm’s price target on Alaska Air (ALK) to $82 from $81 and keeps a Buy rating on the shares. UBS says the bar is high heading into the reporting season and that the most likely case is that airlines will report strong Q4 with potential for earnings to be towards the upper-end or even higher than their mid-quarter updated ranges, the analyst tells investors in a research note. The firm believes those that report RASM upside to consensus are likely to be rewarded this reporting season as it will provide greater confidence on the achievability of 2025 estimates. There is limited room for any disappointments, UBS adds.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on ALK:
- Alaska Air announces new flights to Anchorage from Detroit, Sacramento
- Alaska Air upgraded to Positive at Susquehanna, named a top pick in airlines
- Alaska Air upgraded to Positive from Neutral at Susquehanna
- Alaska Air call volume above normal and directionally bullish
- Alaska Air price target raised to $74 from $63 at Citi
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
