Fly News Breaks for March 2, 2015
DAL, ALK
Mar 2, 2015 | 08:15 EDT
As noted earlier, Stifel upgraded Alaska Air (ALK) to Buy from Hold. The firm notes that Delta (DAL) is expanding its operations in Seattle, creating competition for Alaska Air. However, the firm believes Alaska Air's competitive headwinds will peak this quarter, while the company's multiple will rise as investors become more comfortable with the risk presented by Delta. Target $85.
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