Barclays lowered the firm’s price target on Allegiant Travel to $55 from $60 and keeps an Equal Weight rating on the shares post the Q1 report. Allegiant closed out the airline first quarter reporting season with a less robust revenue outlook for the second quarter, the analyst tells investors in a research note. The firm says ongoing losses at the recently opened Sunseeker resort are weighing on profitability in 2024.
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