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Fly News Breaks for September 18, 2018
ALGT
Sep 18, 2018 | 05:05 EDT
Imperial Capital analyst Michael Derchin raised his price target for Allegiant Travel Company to $130 while maintaining an In-Line rating on the shares. The company at last week's investor day laid out a "compelling business case" for its Sunseeker Resort project in Florida, Derchin tells investors in a research note. The analyst, however, thinks investors are likely to continue being skeptical while the resort is in development. Allegiant shares are among the worst performing in the industry, down 17% year to date, in part due to investor skepticism surrounding Sunseeker, Derchin says.
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