Alaska Air resumed with a Buy at Goldman Sachs

Goldman Sachs analyst Catherine O’Brien resumed coverage of Alaska Air (ALK) with a Buy rating and $70 price target While Alaska’s 2025 results will include the impact of integrating Hawaiian, Goldman still expects the company to produce an operating margin in the top half of our coverage universe, with room to improve as the integration progresses in future years, the analyst tells investors in a research note. The firm likes the company’s exposure to the West Coast corporate recovery and improving interisland profitability.