Raymond James Maintains Outperform on Allegiant Travel, Lowers Price Target to $118
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Savanthi Syth has maintained an Outperform rating on Allegiant Travel (NASDAQ:ALGT), but lowered the price target from $145 to $118.

September 25, 2023 | 11:58 am
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Allegiant Travel's price target has been lowered from $145 to $118 by Raymond James, though the Outperform rating is maintained.
The lowering of the price target by Raymond James could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained Outperform rating indicates that the analyst still sees potential upside, which could counterbalance the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100