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Fly News Breaks for June 18, 2015
ALK
Jun 18, 2015 | 06:58 EDT
Credit Suisse upgraded Alaska Air to Neutral and increased its price target to $78 from $75. The firm believes the worst is behind Alaska Air as competitive capacity adds in Seattle are declining. Credit Suisse expects the company to buyback up to 8% of its market cap in 2015 and said Alaska Air has the best balance between growth, cost controls, and shareholder returns while maintaining an investment grade balance sheet.
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