BUZZ-TD Cowen cuts Alaska Air PT amid cost pressure, IT outage impact
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TD Cowen has reduced its price target for Alaska Airfrom $68 to $61, reflecting a 24.5% premium from the stock's last close. The brokerage maintains a 'buy' rating, citing increased costs in Q3 due to adverse weather and an IT outage impacting earnings. They also lowered the 2025 EPS forecast to $2.37 from $3.37. Susquehanna has similarly cut its price target to $58. Despite a 24.4% year-to-date decline, all sixteen brokerages rate the stock as 'buy' or higher, with a median price target of $65.
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