Market Overview

UPDATE: Imperial Capital Raises PT to $98 on Allegiant Travel Company on Lower Fuel Prices

Related ALGT
These Airlines Could Benefit The Most From Low Oil Prices
Barclays Comments On Oil And Airlines, Offers 'Best Ideas'
Airfare May Keep Soaring as Fuel Costs Fall (Fox Business)

Imperial Capital reiterates its Outperform rating on Allegiant Travel Company (NASDAQ: ALGT) and raises its price target from $80 to $98 a share.

Imperial Capital says, "Increasing estimates to reflect lower fuel prices. We are raising our CY12 estimate to $4.48 from $3.73 and our CY13 estimate to $5.52 from $4.60. Fuel prices have decreased 12% in the last 30 days, which has a direct and immediate positive impact on airline earnings."

ALGT closed at $63.90 on Wednesday.

Latest Ratings for ALGT

DateFirmActionFromTo
Dec 2014BarclaysDowngradesOverweightUnderweight
Nov 2014Imperial CapitalMaintainsOutperform
Nov 2014Deutsche BankMaintainsBuy

View More Analyst Ratings for ALGT
View the Latest Analyst Ratings

Posted-In: imperial capitalAnalyst Color Price Target Reiteration Pre-Market Outlook Analyst Ratings

 

Related Articles (ALGT)

Around the Web, We're Loving...

Get Benzinga's Newsletters