Alaska Air price target lowered to $81 from $83 at Citi

Citi lowered the firm’s price target on Alaska Air (ALK) to $81 from $83 and keeps a Buy rating on the shares. The firm says it does not know the eventual outcomes of U.S. tariff policy or whether U.S. consumer concerns on economic conditions, international relations and aviation safety have reached a floor. Although it is too early to say whether the U.S. airlines could see a sustained demand pullback, tariffs could further constrain industry capacity and support pricing, the analyst tells investors in a research note. United remains Citi’s favorite U.S. carrier, followed very closely by American.