Alaska Air Group, Inc. ALK shares experienced a sell-off in late October in conjunction with third quarter results. Based on an investor poll, Morgan Stanley found that sentiment remained mixed, although a majority are bullish. The Analyst Morgan Stanley analyst Rajeev Lalwani has an Overweight rating and $78 price target for Alaska Air. The firm moved the stock to its top U.S. Airline pick. The Thesis Morgan Stanley said it is more bullish on Alaska Air shares, given they trade at below-average valuation multiples despite above-average margins and growth prospects. The investor survey revealed half of the respondents are favorably disposed toward the stock, given their view that the current valuation does not reflect relative fundamentals, analyst Lalwani said. SourceThere is a breakout of the rising channel. We can expect more downside. $ALK, Alaska Air Group, Inc. / H1