Alaska Air Group rises on Raymond James upgrade to 'strong buy'

SkyWest

03/04/2023 12:13

** Shares of Alaska Air Group Inc  ALK.N  up 0.8% at $42.3
in premarket trade
    ** Raymond James upgrades stock to "strong buy" from
"outperform" and raises PT to $68 from $60, as it exits
seasonally weak quarter
    ** Says co stands to benefit from fleet transition to be
completed in May
    ** Brokerage also upgrades SkyWest Inc  SKYW.O  to "market
perform" from "underperform" as regional pay rates and mainline
hiring moderate
    ** Shares of SKYW, however, down 1.3% at $21.8 premarket in
light volumes 
    ** 14 of 15 brokerages rate ALK "buy" or higher and one
"hold"; their median PT is $62 - Refinitiv data
    ** Up to Friday's close, stock had fallen 2.28% YTD

 (Reporting by Shristi Achar A in Bengaluru)
 ((Shristi.AcharA@thomsonreuters.com;))