Alaska Air Analysts Cut Their Forecasts After Q2 Results
Portfolio Pulse from Lisa Levin
Alaska Air Group, Inc (NYSE:ALK) reported better-than-expected Q2 earnings and sales results, with a 7% YoY operating revenue growth to $2.84 billion and adjusted EPS of $3.00. However, the company's shares fell 9.7% after the announcement. Analysts from Goldman Sachs and Barclays have cut their price targets on Alaska Air.
July 26, 2023 | 12:18 pm
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Despite better-than-expected Q2 results, Alaska Air's shares fell 9.7%. Analysts from Goldman Sachs and Barclays have cut their price targets on the company.
Alaska Air reported strong Q2 results, beating expectations. However, the company's shares fell significantly, indicating a negative market reaction. Additionally, analysts from Goldman Sachs and Barclays have cut their price targets on the company, which could further negatively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100