Raymond James Downgrades Alaska Air (ALK) to Market Perform

Roth/MKM Comments on Alaska Air Group (ALK) and Hawaiian Holdings (HA)

Roth/MKM Comments on Alaska Air Group (NYSE: ALK) and Hawaiian Holdings (NASDAQ: HA).

The analyst comments "While the transaction initially appears less problematic in some ways relative to the pending Spirit/JetBlue combination, as the deal... More

Deutsche Bank Downgrades Alaska Air (ALK) to Hold, 'swapping ratings'

(Updated - December 4, 2023 4:28 AM EST)

Deutsche Bank analyst Michael Linenberg downgraded Alaska Air (NYSE: ALK) from Buy to Hold with a price target of $44.00 (from $55.00).

The analyst comments "This afternoon Alaska Airlines announced it will acquire Hawaiian Airlines in an all-cash... More

Alaska Airlines (ALK) to acquire Hawaiian Holdings (HA)

Alaska Air Group, Inc. (NYSE: ALK), and Hawaiian Holdings, Inc. (NASDAQ: HA) today announced that they have entered into a definitive agreement under which Alaska Airlines will acquire Hawaiian Airlines for $18.00 per share in cash, for a transaction value of approximately $1.9 billion, inclusive of $0.9 billion of Hawaiian Airlines net debt. The combined company will unlock more destinations for... More

Uber, Jabil And Builders Firstsource Set To Join S&P 500

(Updated - December 1, 2023 5:45 PM EST)

S&P Dow Jones Indices (S&P DJI) will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, December 18, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added... More