Alaska, JetBlue, And Southwest Airlines Stocks Upgraded, Analyst Sees Positive Shift In Airline Dynamics

Deutsche Bank analyst Michael Linenberg upgraded several airline stocks and reiterated rating on few on the expectation of the major carriers having vast domestic networks to benefit from a more balanced domestic supply backdrop.

In particular, the analyst upgraded Alaska Air Group Inc (NYSE:ALK) to Buy from Hold at an increased price target of $51 (from $44).

Also, Linenberg boosted the rating of JetBlue Airways Corp (NASDAQ:JBLU) to Buy from Hold and raised the price target to $9 (from $4) and Southwest Airlines Co (NYSE:LUV) to Buy from Hold at a higher price target of $42 (from $28).

For Alaska Air, the analyst says the benefits of the company’s seasonal shaping initiatives are too significant to …

Full story available on Benzinga.com