Alaska Air price target raised to $90 from $75 at Evercore ISI

Evercore ISI analyst Duane Pfennigwerth raised the firm’s price target on Alaska Air (ALK) to $90 from $75 and keeps an Outperform rating on the shares. Alaska’s early post-merger phase “continues to surprise positively,” says the analyst, who is raising the firm’s FY25 and FY26 EPS estimates to $6.15 and $7.50 from $5.85 and $7.25, respectively, following the company’s Q4 report.