Dahlman Rose Upgrades Alaska Air (ALK) to Buy; Clean Balance Sheet
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Price: $40.20 +0.05%
Rating Summary:
23 Buy, 3 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
23 Buy, 3 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Dahlman Rose upgraded Alaska Air (NYSE: ALK) from Hold to Buy with a price target of $75.00.
Dahlman analyst says, "Alaska has approximately $31.40/per share in cash and $31.44/per share in debt on the balance sheet. Cash as a percent of trailing 12-month revenue is 28%, towards the high end of the industry. S&P upgraded the company's debt on Friday."
For more ratings news on Alaska Air click here and for the rating history of Alaska Air click here.
Shares of Alaska Air closed at $61.12 yesterday.
Dahlman analyst says, "Alaska has approximately $31.40/per share in cash and $31.44/per share in debt on the balance sheet. Cash as a percent of trailing 12-month revenue is 28%, towards the high end of the industry. S&P upgraded the company's debt on Friday."
For more ratings news on Alaska Air click here and for the rating history of Alaska Air click here.
Shares of Alaska Air closed at $61.12 yesterday.
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