Seaport Research raised the firm’s price target on Allegiant Travel (ALGT) to $90 from $75 and keeps a Buy rating on the shares. The firm expects to see the Airlines sector to consolidate recent gains near-term, but valuations remain compelling in the context of the cycle, the analyst tells investors. The firm raises its price target on the stock given its conviction with revenue execution.
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: