Allegiant Travel price target lowered to $120 from $130 at Raymond James

Raymond James analyst Savanthi Syth lowered the firm’s price target on Allegiant Travel to $120 from $130. Syth keeps an Outperform rating on the shares, citing a compelling risk-reward, with some of the firm’s prior concerns diminishing while others appear to be largely reflected in sentiment and the stock, the analyst tells investors in a research note.