Dahlman Rose Raises Price Target on Alaska Air (ALK), Sees Sustainable Growth in Cost Cuts Alone
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Price: $40.41 +0.57%
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 is reaffirming its Buy rating on shares of Alaska Air (NYSE: ALK), while raising its price target from $75 to $90.
The firm highlights Alaska Air has the potential to grow its business by managing its costs alone. The company updated its Q1 expectations, which included a $0.07/gallon increase in jet fuel costs. Dahlman Rose also notes February booking was up 2.5% points and March booking is estimated to be up 2.5 percent points.
For now, the firm is reaffirming its Q1 and FY12 EPS estimates of $0.95 and $9.00. An analyst at Dahlman Rose commented, "We believe Alaska can trade at 10x our 2012 EPS estimate of $9.00."
For an analyst ratings summary and ratings history on Alaska Air click here. For more ratings news on Alaska Air click here.
Shares of Alaska Air closed at $77.07 yesterday.
The firm highlights Alaska Air has the potential to grow its business by managing its costs alone. The company updated its Q1 expectations, which included a $0.07/gallon increase in jet fuel costs. Dahlman Rose also notes February booking was up 2.5% points and March booking is estimated to be up 2.5 percent points.
For now, the firm is reaffirming its Q1 and FY12 EPS estimates of $0.95 and $9.00. An analyst at Dahlman Rose commented, "We believe Alaska can trade at 10x our 2012 EPS estimate of $9.00."
For an analyst ratings summary and ratings history on Alaska Air click here. For more ratings news on Alaska Air click here.
Shares of Alaska Air closed at $77.07 yesterday.
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