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Allegiant Travel price target raised to $50 from $45 at Susquehanna

Susquehanna raised the firm’s price target on Allegiant Travel (ALGT) to $50 from $45 and keeps a Neutral rating on the shares. The firm noted they reportee Q2 results above consensus which drove the update of its model and with the sale of the Sunseeker Resort expected to close in 3Q, the company’s focus shifts back to its core airline business, ending a challenging chapter for the company and, importantly, simplifying its operations.

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