Market Overview

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

Share:
Related ALGT
Barclays Picks United And JetBlue As Top Airliners, Sours On Virgin And Others
UBS Cautious Into Airliners' Q1
Allegiant Honors Entire Staff at Las Vegas Elementary School With Free Flights (GuruFocus)

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
Apr 2016BarclaysDowngradesEqual-weightUnderweight
Apr 2016Credit SuisseMaintainsNeutral
Apr 2016Deutsche 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)

View Comments and Join the Discussion!