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TD Cowen Maintains Alaska Air(ALK.US) With Buy Rating, Cuts Target Price to $50

Futu News ·  Oct 3 19:31  · Ratings

TD Cowen analyst Helane Becker maintains $Alaska Air (ALK.US)$ with a buy rating, and adjusts the target price from $52 to $50.

According to TipRanks data, the analyst has a success rate of 62.6% and a total average return of 11.0% over the past year.

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Furthermore, according to the comprehensive report, the opinions of $Alaska Air (ALK.US)$'s main analysts recently are as follows:

  • The firm adjusted their projections to include the Hawaiian Air stub period and revised their model to represent the pro forma outcomes of the merged airline.

  • The September shift in domestic unit revenue has been recognized, confirming the 'improved supply thesis' that had been discussed for several quarters, transitioning from a speculative narrative to tangible guidance enhancements from multiple carriers. Nonetheless, the volatility observed in stock prices and market sentiment appears to exceed the fluctuations in underlying earnings.

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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