BofA raised the firm’s price target on Allegiant Travel (ALGT) to $95 from $54 and keeps an Underperform rating on the shares, citing higher estimates. As the rest of the airlines prepare for earnings reporting after Delta (DAL) set the table last week, the firm sees the same contrasting themes continue to unfold, the analyst says. The firm thinks network carriers should continue to outperform due to premium revenues, the rebound in corporate travel, and growth in Atlantic routes, the analyst noted.
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Read More on ALGT:
- Allegiant Travel price target raised to $100 from $85 at Barclays
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