Susquehanna raised the firm’s price target on Allegiant Travel (ALGT) to $65 from $50 and keeps a Neutral rating on the shares as part of a Q3 earnings preview for the airlines group. The U.S. airline industry is in the “early-to-middle innings of a wholesale change,” driven by product de-commoditization via a technology-driven merchandising platform. Susquehanna continues to highlight United Airlines (UAL), Delta Air Lines (DAL) and Alaska Air (ALK) as best positioned to benefit from this trend.
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Read More on ALGT:
- Allegiant Travel price target raised to $55 from $50 at BofA
- Allegiant Travel price target raised to $60 from $52 at Barclays
- 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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