S&P Capital IQ Reiterates its BUY Rating on Alaska Air Group

October 21 00:00 2011

NEW YORK, October 21 (RainbowNewsLine.com) – Analyst Jim Corridore of S&P Capital IQ reiterates his BUY rating on the shares of Alaska Air Group (NYSE:ALK). The target price is set to $80.

Analyst Jim Corridore, in a research note published yesterday mentions that the company reported its Q3 EPS ahead of the estimates and the consensus, driven by strong revenue growth, yield improvement and strong passenger loads. The company is capturing market share from competitors who have shrunk or left from the market, the analyst says. Although oil prices continue to be a risk, ALK is the best hedged stock among US airlines, the analyst adds.