Alaska Air: BMO Capital cuts price target to $42 from $50
BMO Capital lowered its Alaska Air Group price target to $42 from $50 and kept an Outperform rating. Dow Jones Newswires reports, citing Benzinga.
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what happened
Dow Jones Newswires, citing Benzinga, reported that BMO Capital reduced its price target on Alaska Air Group shares to $42 per share from $50. The firm kept its Outperform rating, which means it still expects the stock to beat the market.
A separate revision followed from Citigroup, which lowered its target on the airline's shares to $33 from $37. The Citigroup action was logged at 19:32 GMT, after the BMO update at 17:30 GMT.
why it matters
Target cuts from several banks at the same time reflect a shift in analysts' estimates for the airline's shares. These revisions do not come with new earnings data in the materials, so they are best read as a sign of changing sentiment on Wall Street rather than a change in company fundamentals.
tags
instruments
sources
- Alaska Air Group Price Target Cut to $42.00/Share From $50.00 by BMO Capital — Dow Jones Newswires, 22 October 2026 at 17:30 UTC
- Alaska Air Group Price Target Cut to $33.00/Share From $37.00 by Citigroup — Dow Jones Newswires, 22 October 2026 at 19:32 UTC
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