Seaport Research lowered the firm’s price target on Allegiant Travel to $96 from $101 and keeps a Buy rating on the shares. Until the company can line up labor deals, fix utilization, and deliver stronger results, the shares are likely to trade poorly, the analyst tells investors in a research note. The firm says Allegiant is a multi-year earnings growth story with a first half of 2024 impacted by delays in Boeing deliveries and Sunseeker construction.
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