Raymond James' View on ALK, LUV, DAL, UAL, and ALGT: Unveiling Potential Upsides
- June 26th, 2023
- 248 views
Alaska Air Group, Inc. (NYSE: ALK), the parent company of Alaska Airlines and Horizon Air, has been maintained with a Strong Buy rating by Raymond James, who raised the price target from $70 to $75.
Despite $ALK closing at $49.25 on Friday, the revised price target suggests a potential upside of $25.75 or approximately 52.27% based on Raymond James' analysis.
Southwest Airlines Co. (NYSE: LUV), which operates one of the world's most admired and awarded airlines, has also been maintained with a Strong Buy rating by Raymond James, with the price target raised from $45 to $47.
With $LUV closing at $33.93 on Friday, the adjusted price target indicates a potential upside of $13.07 or about 38.52%, as per the financial services firm's view.
Delta Air Lines, Inc. (NYSE: DAL), a major airline company, has been maintained with a Strong Buy rating by Raymond James, who raised the price target from $54 to $57.
Based on $DAL's closing price of $42.86 on Friday, the adjusted price target implies a potential upside of $14.14 or approximately 33.01%, according to the investment firm's analysis.
United Airlines Holdings, Inc. (Nasdaq: UAL), which operates the largest airline in the world as measured by available seat miles, has been maintained with an Outperform rating by Raymond James, with the price target raised from $64 to $72.
Despite closing at $52.65 on Friday, the adjusted price target suggests a potential upside of $19.35 or about 36.77% for $UAL, based on Raymond James' assessment.
Allegiant Travel Company (Nasdaq: ALGT), a Las Vegas-based integrated travel company, has been maintained with an Outperform rating by Raymond James, who raised the price target from $123 to $140.
With $ALGT closing at $119.12 on Friday, the revised price target indicates a potential upside of $20.88 or approximately 17.53%, as per the financial services firm's perspective.
These price targets and potential upsides are based on the assessments and views of investment firm Raymond James, indicating the projected appreciation in stock value according to their analysis and expectations. Investors should carefully consider these opinions while making investment decisions.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
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