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TD Cowen Remains a Buy on Alaska Air (ALK)

Tipranks - Sun Jan 11, 6:40AM CST

In a report released on January 7, Thomas Fitzgerald CFA from TD Cowen maintained a Buy rating on Alaska Air, with a price target of $64.00. The company’s shares closed yesterday at $49.80.

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Fitzgerald CFA covers the Industrials sector, focusing on stocks such as Alaska Air, American Airlines, and Delta Air Lines. According to TipRanks, Fitzgerald CFA has an average return of 20.6% and a 69.41% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Alaska Air with a $72.00 average price target, which is a 44.58% upside from current levels. In a report released yesterday, Susquehanna also maintained a Buy rating on the stock with a $70.00 price target.

Based on Alaska Air’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.77 billion and a net profit of $73 million. In comparison, last year the company earned a revenue of $3.07 billion and had a net profit of $236 million

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