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Fly News Breaks for November 12, 2018
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Nov 12, 2018 | 06:24 EDT
Goldman Sachs analyst Catherine O'Brien started Alaska Air with a Buy rating and $81 price target. The analyst expects merger synergies and other revenue initiatives to drive higher controllable earnings than the industry average. She also launched coverage on the U.S. Airlines sector with an Attractive coverage view. Stronger revenue trends in 2019 coupled with a focus on cost control should drive higher industry operating margins for the first time since 2015 despite fuel headwinds, O'Brien tells investors in a research note.