Barclays Maintains Equal-Weight on Allegiant Travel, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Brandon Oglenski has maintained an Equal-Weight rating on Allegiant Travel (NASDAQ:ALGT) but has lowered the price target from $65 to $60.

April 05, 2024 | 12:46 pm
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Barclays maintains an Equal-Weight rating on Allegiant Travel but lowers the price target from $65 to $60.
The reduction in the price target by Barclays, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in ALGT's stock price. The maintenance of an Equal-Weight rating indicates that the analyst sees the stock as fairly valued at its current price, but the lowered target suggests a reassessment of the stock's future growth or profitability prospects.
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IMPORTANCE 75
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