UBS Maintains a 'Buy' on Alaska Air (ALK); Bullish on April

UBS maintains a 'Buy' on Alaska Air (NYSE: ALK) price target raised $1 to $46.

Analyst, Kevin Crissey, said, "Alaska posted a nice 5 cent EPS beat in 1Q on strong cost control with healthy revenue growth. Costs came in below our forecast as fuel and regional expenses were lower...We increased our revenue projection and our EPS estimates. We are now above the Street for both 2Q and FY. ALK looks more attractive to us now than it has in recent quarters." (FY12 EPS estimate raised from $4.76 to $5.06 and FY13 from $5.34 to $5.63.

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 $34.69 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Fiserv (FISV) PT Lowered to $60 at Freedom Broker
• Intuitive Machines Inc. (LUNR) PT Lowered to $32 at Cantor Fitzgerald, Reaffirms Overweight Rating
• Tata Motors Passenger Vehicles (TMPV:IN) PT Raised to INR375 at ICICI Securities