TD Cowen raises Alaska Air's PT, sees recovery despite fuel, IT headwinds

TD Cowen lifts PT on Alaska Air ALK.N to $65 from $61, maintains rating at "buy"

New PT implies premium of 55.8% from stock's last close

Brokerage says they expect short-term pressure on earnings due to fuel costs and IT outage, but see potential recovery in December and stronger performance in 2026–27

TD Cowen however cuts ALK's 2025 EPS estimate to $2.22 from $2.37

ALK in October, projected Q4 profit below analysts' expectations, due to rising fuel costs and operational setbacks

Shares of the company marginally up 0.2% at about $42 premarket

All brokerages covering stock rate it "buy" or higher; their median PT is $65 - data compiled by LSEG

Stock down 35.6% YTD, as of last close