Evercore ISI analyst Duane Pfennigwerth raised the firm’s price target on Allegiant Travel (ALGT) to $85 from $75 and keeps an Outperform rating on the shares. With demand having improved significantly in Q3 and September exit rates notably stronger than the start of the quarter, the firm sees a “promising setup” for airlines heading into 2026 and contends that recent weakness in airline stocks presents “an attractive entry point” into Q4, the analyst tells investors in a note on the group.
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