As previously reported, Wolfe Research upgraded Allegiant Travel (ALGT) to Outperform from Peer Perform with a $108 price target following its announced acquisition of Sun Country Airlines (SNCY), which the firm calls “transformational.” The firm estimates 6% EPS accretion for Allegiant prior to synergies and forecasts that Allegiant’s earnings can “basically triple” to about $13.50 of EPS at full run-rate synergies by calendar 2029, the analyst tells investors.
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