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.
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