Barclays analyst Brandon Oglenski raised the firm’s price target on Allegiant Travel (ALGT) to $100 from $85 and keeps an Overweight rating on the shares. The firm says Q4 airline results represent a likely favorable inflection point for continued improvement in fundamentals in 2025. It sees 2025 shaping up as a favorable year for U.S. airline fundamentals “with most of the stocks trading at relatively cheap levels, even following recent outperformance.”
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Read More on ALGT:
- Allegiant Travel price target raised to $100 from $65 at Evercore ISI
- Allegiant Travel price target raised to $110 from $75 at Raymond James
- Allegiant Travel price target raised to $70 from $50 at TD Cowen
- Allegiant Travel reports November 2024 total system passengers down 6.5%
- Allegiant Travel raises Q4 adjusted EPS view to $1.75-$2.25 from 0c-$1.00