Alaska Air Group (ALK) to Acquire Virgin America (VA) in $4B Deal

Go back to Alaska Air Group (ALK) to Acquire Virgin America (VA) in $4B Deal

BofA/Merrill Lynch Upgrades Alaska Air (ALK) to Neutral

April 5, 2016 7:45 AM EDT

BofA/Merrill Lynch upgraded Alaska Air (NYSE: ALK) from Underperform to Neutral.

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 $78.92 yesterday.

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Morgan Stanley Upgrades Virgin America (VA) to Equalweight

April 5, 2016 7:30 AM EDT

Morgan Stanley upgraded Virgin America (NASDAQ: VA) from Underweight to Equalweight with a price target of $57.00 (from $33.00).

For an analyst ratings summary and ratings history on Virgin America click here. For more ratings news on Virgin America click here.

Shares of Virgin America closed at $55.11 yesterday.

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JPMorgan Upgrades Alaska Air (ALK) to Neutral

April 4, 2016 2:17 PM EDT

JPMorgan upgraded Alaska Air (NYSE: ALK) from Underweight to Neutral.

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 $82.01 yesterday.

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Alaska (ALK), Virgin (VA) Merger Seen as Positive for Both Companies, Says Deutsche Bank; JetBlue Airways (JBLU) Shares Pressured

April 4, 2016 11:22 AM EDT

Alaska Air Group (NYSE: ALK) and Virgin America's (NASDAQ: VA) planned $4 billion merger is positive for both companies, said analyst Michael Linenberg of Deutsche Bank. The news is also seen as a negative for rival JetBlue Airways (NASDAQ: JBLU), which had reportedly also been interested in acquiring Virgin. Shares of JetBlue traded lower by 3% intraday following the announcement.

"The bottom-line is that we view this transaction as... More

Sterne Agee CRT Upgrades Virgin America (VA) to Neutral

April 4, 2016 9:26 AM EDT

Sterne Agee CRT upgraded Virgin America (NASDAQ: VA) from Underperform to Neutral with a price target of $57.00.

For an analyst ratings summary and ratings history on Virgin America click here. For more ratings news on Virgin America click here.

Shares of Virgin America closed at $38.90 yesterday.

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Sidoti Downgrades Virgin America (VA) to Neutral

April 4, 2016 9:25 AM EDT

Sidoti downgraded Virgin America (NASDAQ: VA) from Buy to Neutral with a price target of $57.00 (from $44.00).

For an analyst ratings summary and ratings history on Virgin America click here. For more ratings news on Virgin America click here.

Shares of Virgin America closed at $38.90 yesterday.

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IAM Comments on Virgin America (VA), Alaska Air (ALK) Deal; Union Representation Still Undetermined

April 4, 2016 6:37 AM EDT

International Association of Machinists and Aerospace Workers (IAM) General Vice President Sito Pantoja issued the following statement regarding the proposed merger of Alaska Airlines and Virgin America Airlines:

As expected, the industry consolidation among the major airlines is being repeated by smaller carriers trying to survive. While todays... More