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

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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

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