Alaska Air price target raised to $90 from $70 at Morgan Stanley

Morgan Stanley analyst Ravi Shanker raised the firm’s price target on Alaska Air (ALK) to $90 from $70 and keeps an Overweight rating on the shares. The firm remains bullish on the U.S. Airlines in 2025, even though it notes that “the bar is probably the highest it has been since the pandemic.” The firm expects demand to remain resilient, with volume growth and premium mix strength continuing, especially as International and Corporate ramps complete the pandemic recovery, the analyst tells investors.