BofA raised the firm’s price target on Alaska Air (ALK) to $55 from $50 and keeps a Buy rating on the shares after the company raised its Q3 unit revenue guidance to up 2.0% from the prior flat-to-positive guidance, driven by a CrowdStrike (CRWD) benefit in July and stronger revenue performance in August and September. The firm raised its own Q3 EPS estimate to $2.24 from $1.98, which it notes is at the high end of the new EPS guidance of $2.15-2.25.
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