UPDATE: Deutsche Bank Reiterates Buy Rating, Raises PT on Allegiant Travel Company on Projected March Q13 Operating Profit

In a report published Monday, Deutsche Bank analyst Michael Linenberg reiterated a Buy rating on Allegiant Travel Company

, and raised the price target from $80.00 to $95.00. In the report, Linenberg noted, “We are projecting a Mar Q 2013 operating profit of $600 million (1.8% margin) for the US airline industry (which we define as the A4A airlines), 140% higher than a year ago. The net loss for what is seasonally the weakest Q is estimated to be halved from $551 million to $200 million. Top-line is expected to be up 2% to $33.2 billion, modestly less than our prior forecast of 2.4% due to the impact of both sequestration and a depreciating Japanese yen. In spite of these near-term issues and 1H cost headwinds (principally related to a labor), we expect 2013 to be the industry's 4th consecutive year of profitability and 7th year (out of the last eight) with positive free cash flow.” Allegiant Travel Company closed on Friday at $85.61.