Dahlman Rose Reiterates Hold Rating on Alaska Air Group (ALK)

Dahlman Rose is out with a research report this morning, where it reiterates its Hold rating on Alaska Air Group. ALK. The DR analysts cited the company's recent strong March and 1Q11 traffic results, which showed double digit capacity growth. Unit revenue improved in the low single digit range. As for valuation, the analysts remarked, “For 1Q11, we forecast EPS of $0.63, up from our prior estimate of $0.54 and compared to the consensus estimate of $0.58. For 2011, we forecast EPS of $7.10, up from our prior estimate of $7.03 and compared to the consensus estimate of $7.36.”