TD Cowen Lowers Price Target on Alaska Air (ALK)
TD Cowen reduced its price target on Alaska Air Group (ALK) from $66 to $45, citing concerns over global travel resilience amid high fuel prices and slowing credit card data. The move comes as part of the firm's Q1 earnings preview for the airline sector, with estimates below consensus expectations. Earlier, BMO Capital had given Alaska Air an Outperform rating with a $50 price target.
Tickers: $ALK
Topics: Airline Industry Alaska Air Group Analyst Rating Investment Outlook Price Target Adjustment