Barclays raised the firm’s price target on Allegiant Travel (ALGT) to $60 from $52 and keeps an Equal Weight rating on the shares as part of a Q3 preview for the airlines. Airlines generally need demand acceleration to maintain implied Q4 outlooks, the analyst tells investors in a research note. The firm believes the winners are “likely to keep wining.”
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Read More on ALGT:
- Allegiant Travel price target raised to $85 from $75 at Evercore ISI
- Allegiant Travel price target raised to $65 from $52 at UBS
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- Allegiant Travel Completes $200M Sale to Blackstone
- Allegiant Travel reports July traffic up 10.3% y/y