Susquehanna raised the firm’s price target on Allegiant Travel (ALGT) to $110 from $100 and keeps a Positive rating on the shares. The firm said they see an emerging opportunity to compete in a premium-oriented landscape via its flexible approach to capacity, improving fuel efficiency from its growing MAX fleet, and select peers getting smaller or redirecting its focus elsewhere.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ALGT:
- Allegiant Travel Earnings Call Signals Strength Amid Risks
- Allegiant Travel price target raised to $130 from $107 at Seaport Research
- Allegiant Travel price target raised to $105 from $95 at BofA
- Allegiant Travel price target raised to $125 from $120 at Evercore ISI
- Allegiant Travel: Strong Execution and Upgraded Outlook Largely Priced In, Justifying a Balanced Hold Rating