Credit Suisse sees 30% run for Alaska Air Group

• Alaska Air Group (ALK +1.9%) is higher after Credit Suisse upgrades the airline stock to Outperform from Neutral
• The investment firm points to attractive relative valuation and the upcoming catalysts as the Virgin America merger approaches. Analyst Julie Yates thinks the Virgin deal will close in Q4.
• Shares of ALK have broken back over $65, but CS thinks that's just the beginning with its elevated price target of $85 implying another +30% of upside.