Allegiant Travel price target raised to $90 from $75 at Seaport Research

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.