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Fly News Breaks for July 27, 2018
ALGT
Jul 27, 2018 | 05:46 EDT
Imperial Capital analyst Michael Derchin lowered his price target for Allegiant Travel to $121 citing the company's weaker than expected fiscal 2018 outlook. The analyst sees Allegiant's earnings and margins being pressured through fiscal 2019 due to fleet transition headwinds, higher off-peak flying and only a modest impact from revenue initiatives. He keeps an In-Line rating on the shares.
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ALGT
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