Morgan Stanley lowered the firm’s price target on Allegiant Travel to $87 from $95 and keeps an Equal Weight rating on the shares. After the disappointing update in Q1, investors will focus on Sunseeker expectations into the back half of the year, the analyst stated. The firm notes its estimates are above consensus for Allegiant in Q2, but adds that it expects a wide range of consensus estimates.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ALGT:
- Allegiant Travel reports May traffic down 0.6% y/y
- Allegiant Executive VP’s Planned Retirement and Agreement Terms
- Allegiant Travel Chief Information Officer Robert Wilson III to retire July 1
- Allegiant Travel reports April total system passengers down 11.8% at 1.34M
- Allegiant Travel price target lowered to $60 from $65 at TD Cowen