TD Cowen raises Alaska Air's PT, sees recovery despite fuel, IT headwinds

Alk-Abello A/S

03/11/2025 12:58

** TD Cowen lifts PT on Alaska Air ALK.N to $65 from $61, maintains rating at "buy"

** New PT implies premium of 55.8% from stock's last close

** Brokerage says they expect short-term pressure on earnings due to fuel costs and IT outage, but see potential recovery in December and stronger performance in 2026–27

     ** TD Cowen however cuts ALK's 2025 EPS estimate to $2.22 from $2.37

** ALK in October, projected Q4 profit below analysts' expectations, due to rising fuel costs and operational setbacks

** Shares of the company marginally up 0.2% at about $42 premarket

** All brokerages covering stock rate it "buy" or higher; their median PT is $65 - data compiled by LSEG

** Stock down 35.6% YTD, as of last close

 (Reporting by Apratim Sarkar in Bengaluru)

 ((Apratim.Sarkar@thomsonreuters.com))