Alaska Air price target raised to $70 from $55 at Evercore ISI

Evercore ISI raised the firm’s price target on Alaska Air (ALK) to $70 from $55 and keeps an Outperform rating on the shares after the company hosted an investor day, providing initial FY25 earnings guidance of greater than $5.75 and “went big on ’27 earnings power outlook north of $10.” The timing was “also good for a bullish L/T outlook as Airline stocks continue to be rewarded for better updates in this seasonally stronger period,” the analyst added.