Barclays analyst Brandon Oglenski lowered the firm’s price target on Allegiant Travel to $60 from $65 and keeps an Equal Weight rating on the shares as part of a Q1 earnings preview on the airlines group. Airline reporting season may be dominated by higher fuel prices, a near-term focus on likely negative unit-revenue outlooks, elevated capacity growth in Q2, cost challenges from Boeing delays, but also long-term potential to improve yields for most airlines set against lo stock valuations in the sector, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ALGT:
- Allegiant Travel price target lowered to $89 from $96 at Seaport Research
- Allegiant Travel reports February total system passengers up 0.3% at 1.25M
- Allegiant Travel reaches tentative agreement with TWU for flight attendants
- Allegiant Travel and flight attendants union announce tentative deal
- Wells Fargo downgraded, Best Buy upgraded: Wall Street’s top analyst calls