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.
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