As previously reported, BofA analyst Andrew Didora upgraded Allegiant Travel (ALGT) to Neutral from Underperform with a price target of $95, up from $55. The firm views potential economic stimulus as helpful for low-cost carriers and notes Allegiant is keeping capacity growth flat in 2026, which can help drive higher prices, while new 737 MAX aircraft can help keep unit costs under control. The firm is swapping ratings on the low-cost carriers with its upgrade of Allegiant and downgrade of Frontier Group (ULCC) to Underperform.
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