Barclays analyst Brandon Oglenski lowered the firm’s price target on Allegiant Travel to $96 from $100 and keeps an Overweight rating on the shares as part of his Q4 preview. Airline stocks are discounting an eventual slowdown in demand, but better leveraging of cost structures through capacity growth and lower than feared jet fuel prices "could be powerful favorable offsets" in 2023, Oglenski tells investors in a research note.
Published first on TheFly
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