Airline Stocks Rally, Treasury Yields Fall as Oil Tumbles on Iran Sanctions
Every major US carrier opened higher as crude fell 3% on Iran de-escalation signals, while Treasury yields fell across the curve and energy lagged.
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Top Wall Street Forecasters Revamp Alaska Air Expectations Ahead Of Q2 Earnings
Alaska Air Group (NYSE: ALK) to release Q2 earnings on July 21, expected loss of 99 cents/share. Analysts give mixed ratings with accuracy rates up to 78%
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Raymond James Maintains Outperform on Alaska Air Group, Lowers Price Target to $52
Raymond James analyst Savanthi Syth maintains Alaska Air Group (NYSE:ALK) with a Outperform and lowers the price target from $60 to $52.
Read original at benzingaTD Cowen Maintains Buy on Alaska Air Group, Lowers Price Target to $46
TD Cowen analyst Tom Fitzgerald maintains Alaska Air Group (NYSE:ALK) with a Buy and lowers the price target from $59 to $46.
Read original at benzingaShares of airline companies are trading lower amid an oil price rebound. Expectations for U.S.-Iran negotiations over Strait of Hormuz passage are frozen, with the U.S. threatening major economic pressure on Iran and its trade partners, an approach that may leave energy prices elevated for longer.
Read original at benzinga