Allegiant Travel price target lowered to $110 from $115 at Seaport Research

Seaport Research lowered the firm’s price target on Allegiant Travel to $110 from $115 and keeps a Buy rating on the shares. The analyst updated the company’s estimates to reflect higher fuel prices. Airline demand has been choppy this year on bank stress driving economic worry, and again in Q3, “but there’s still fuel left in the tank,” the analyst tells investors in a research note. The firm believes airlines are heading into Q4 on “sequentially stronger footing fundamentally.”