- Barrons.com•15 hours ago
Shares of Alaska Air have gained 1.1% to $65.32 at 3:08 p.m. after getting upgraded to Outperform from Neutral by Credit Suisse analysts Julie Yates and Parker Kim: Market discounting for risks, underappreciating positives: We are upgrading Alaska (ALK) to Outperform from Neutral for three reasons: (i) attractive relative valuation on pro forma estimates (8x 2017E), (ii) improving unit revenue trends, (iii) upcoming catalysts as integration planning progresses & the deal closes in H2'16. Following Southwest (LUV)'s disappointment, we expect investors looking for domestic rotation ideas will find ALK increasingly attractive at current levels. Valuation has become a steal on the deal: Alaska is the 2nd least expensive in our coverage on our new pro forma est., in contrast to our January downgrade when it was 11x FY1 and the 2nd most expensive stock in our universe.
- Market Realist•21 hours ago
Analysts are estimating 2Q16 revenue of ~$1.7 billion for JetBlue Airways (JBLU), which is a year-over-year increase of 2.2%.
Alaska Air Group, Inc.NYSE
After hours: 65.400.00 (0.00%) as of 4:41 PM EDT
|Bid||58.50 x 100|
|Ask||72.79 x 100|
|52wk Range||54.51 - 87.17|
|Day's Range||65.01 - 66.15|
|Avg Vol (3m)||2,190,476|
As of 4:02 PM EDT. Market closed.