Deutsche Bank analyst Michael Linenberg lowered the firm’s price target on Allegiant Travel to $95 from $125 and keeps a Buy rating on the shares. The analyst says “an uneven recovery” favors the Big 3 airlines for 2024. The wide margin gap between leaders and laggards is expected to persist in 2024, the analyst tells investors in a research note. Like 2023, the firm expects to see major carrier profits outperform the low-fare carriers.
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