Evercore ISI upgraded Allegiant Travel (ALGT) to Outperform from In Line with a $75 price target Allegiant will refocus 100% of its energy on running a high-performing leisure-focused airline with the expected sale of its Sunseeker Resort this summer, the analyst tells investors in a research note. Allegiant retains a flexible business model with the ability to aggressively shape its capacity to demand supporting profitable growth, the firm says.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ALGT:
- Allegiant Travel upgraded to Outperform from In Line at Evercore ISI
- Allegiant Travel Confirms Board Election and Key Approvals
- Allegiant Travel reports preliminary May traffic up 10.2% y/y
- Allegiant Secures $144 Million Credit Facility
- Allegiant Travel reports April total system passengers up 14.9% y/y