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Fly News Breaks for September 23, 2016
ALGT
Sep 23, 2016 | 08:37 EDT
Buckingham upgraded Allegiant Travel to Buy and increased its price target to $168 from $144. The firm's analyst said Allegiant's move to retire MD80s suggests not only is an operational recovery underway, but that overall earnings growth is underappreciated by the Street. The MD80s have been a source of operational unreliability and year-to-date underperformance provides a buying opportunity, according to the bank.
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