Raymond James Shakes Up Ratings Price Targets On Several US Airlines; Downgrades Alaska Air Raymond James analyst Savanthi Syth updated ratings and price targets for a few U.S. airlines and revised the estimates. The analyst states that the revised U.S. airline estimates reflect a stronger near-term revenue trend, stubbornly higher fuel prices, anticipated demand softening, and planned and expected capacity growth moderation. Syth says that despite multiple media reports about customers reconsidering travel due to high costs, U.S. airlines still report strong demand and yields even after the summer, albeit in the context of normal seasonality and a tiny sample beyond the summer. She believes part of this resiliency is due to supply lagging demand by a meaningful margin. While demand remains strong, the analyst notes that some weakness appears inevitable as consumer savings rates normalize from above-normal levels and … Full story available on Benzinga.com