Cowen sees more lift for Alaska Air

|About: Alaska Air Group, Inc. (ALK)|By:, SA News Editor

Cowen upgrades Alaska Air Group (NYSE:ALK) to an Outperform rating after having the airline stock set at Market Perform.

Analyst Helene Becker sees more upside potential from the integration of Virgin America.

The investment firm lifts its price target to $103 to rep 16% upside potential. The new PT is 13.55X Cowen's 2017 EPS estimate.

ALK +0.94% premarket to $89.95 vs. a 52-week trading range of $54.51 to $101.42.

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