TD Cowen raised the firm’s price target on Allegiant Travel (ALGT) to $87 from $82 and keeps a Hold rating on the shares. The firm updated its model to reflect 4Q24 results and guidance for 1Q25/FY25. Cowen is pleased management is looking to sell all/some of Sunseeker.
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Read More on ALGT:
- Allegiant Travel’s Mixed Earnings Call: Growth Amid Challenges
- Allegiant Travel price target raised to $95 from $90 at Morgan Stanley
- Allegiant Travel Company Reports 2024 Earnings
- Allegiant Travel Reports Mixed 2024 Financial Results
- Allegiant Travel sees FY25 airline only System ASMs up ~16.0% vs. last year