Barclays analyst Brandon Oglenski lowered the firm’s price target on Allegiant Travel (ALGT) to $52 from $60 and keeps an Equal Weight rating on the shares. The company reported better than expected Q1 earnings, but the Q2 guidance indicates unit revenue will be down double digits on capacity growth of roughly 15%, the analyst tells investors in a research note.
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Read More on ALGT:
- Allegiant Travel’s Strong Q1: Record Passengers, Strategic Moves
- Allegiant Travel price target lowered to $80 from $90 at Raymond James
- Allegiant Travel Company Receives Sell Rating Amid Off-Peak Pricing Challenges and Macroeconomic Risks
- Allegiant Travel Reports Strong Q1 2025 Performance
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