Raymond James lowered the firm’s price target on Allegiant Travel (ALGT) to $80 from $90 and keeps a Strong Buy rating on the shares. Allegiant’s Q1 adjusted EPS beat consensus estimates and was within the early February guidance, but the Q2 EPS guidance missed consensus estimates, the analyst tells investors in a research note. With the industry weakness pronounced in off-peak periods, Allegiant is moving quickly to moderate growth to 13%, the firm says.
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