Allegiant Travel price target raised to $65 from $52 at UBS

UBS raised the firm’s price target on Allegiant Travel (ALGT) to $65 from $52 and keeps a Neutral rating on the shares. The firm adjusted airline industry models ahead of the Q3 reports to reflect recent commentary. The Q3 earnings prints and Q4 outlooks will again show the widening gap between the strongly positioned airlines versus the rest of the industry, the analyst tells investors in a research note. UBS thinks recent improving demand and fare trends have provided an offset to the modest expense pressure for most airlines.