Allegiant Travel gains on Raymond James 'strong buy' rating upgrade
24/08/2026 13:30
BUZZ-Allegiant Travel gains on Raymond James 'strong buy' rating upgrade ** Allegiant Travel ALGT.O shares gain 2% to $83.50 in premarket trading
** Raymond James upgrades rating to "strong buy" from "outperform"
** Brokerage says upgrading rating after "greater QTD pullback in shares despite a constructive backdrop(ex-fuel)"
** Adds although fuel-cost risks remain, ALGT "continues to screen favorably given strong revenue trends, peak-period capacity discipline, and medium-term EPS accretion/synergy potential from Sun Country"** Ten out of 14 brokerages rate the stock "buy" or higher, 4 "hold"; their median PT is $123 - LSEG-data
** Up to last close, stock down 4% YTD
(Reporting by Sudeshna Ghoshal in Bengaluru)
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