Raymond James Downgrades Alaska Air Gr to Market Perform
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Savanthi Syth has downgraded Alaska Air Group (NYSE:ALK) from Strong Buy to Market Perform, indicating a change in the firm's outlook on the airline's stock.
December 04, 2023 | 11:19 am
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Alaska Air Group was downgraded by Raymond James from Strong Buy to Market Perform, which may lead to a negative perception among investors and could impact the stock price.
Analyst downgrades typically lead to a negative short-term reaction in the stock market as they suggest a less optimistic future outlook. The downgrade from Strong Buy to Market Perform by a reputable analyst firm like Raymond James could lead investors to adjust their expectations and potentially sell off the stock, driving the price down in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100