NEW YORK, May 2 (Reuters) - Alaska Air Group has been fodder for takeover talk, but even without it, its shares are a good value, Barron's reports.
The company also removes some of the risk of fuel cost increases by hedging 50 percent of its energy purchases, Barron's wrote.
Stifel Nicolaus analyst Hunter Keay put a price target of $60 on the share, a rise of 40 percent from recent levels, the weekly publication wrote. Keywords: ALASKAAIR (Reporting by Caroline Humer; email Caroline.Humer@thomsonreuters.com; Tel: 1-646-223-6181) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The company also removes some of the risk of fuel cost increases by hedging 50 percent of its energy purchases, Barron's wrote.
Stifel Nicolaus analyst Hunter Keay put a price target of $60 on the share, a rise of 40 percent from recent levels, the weekly publication wrote. Keywords: ALASKAAIR (Reporting by Caroline Humer; email Caroline.Humer@thomsonreuters.com; Tel: 1-646-223-6181) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.