Allegiant Travel price target lowered to $56 from $92 at Goldman Sachs

Goldman Sachs analyst Catherine O’Brien lowered the firm’s price target on Allegiant Travel (ALGT) to $56 from $92 and keeps a Neutral rating on the shares. The firm reducing its outlook for the US airlines to reflect a worse Q1 exit rate on increasing economic and geopolitical uncertainty. Goldman assumes this lower level of demand holds for the rest of 2025. This drives a material cut to the sector’s outlook, but the rate at which the industry is cutting capacity is encouraging, the analyst tells investors in a research note.