Imperial Capital analyst Michael Derchin raised his price target for Alaska Air Group to $68 from $61 citing higher Q2 unit revenues and lower fuel costs. The analyst, however, keeps an In-Line rating on the shares. The stock appears fairly valued considering as the company's 13%-15% pretax margin target may not be achievable by fiscal 2020, Derchin tells investors in a research note.
Boeing (BA) is expected to report results on its fiscal first quarter on Wednesday, April 24, with a conference call scheduled for 10:30 am EDT. What to watch... To see the rest of the story go to thefly.com. See Story Here