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Fly News Breaks for December 6, 2018
ALGT
Dec 6, 2018 | 08:37 EDT
Evercore ISI analyst Duane Pfennigwerth Atlantic Equities Allegiant Travel to Outperform with a $180 price target citing valuation and a higher earnings outlook. The analyst said the development of a resort hotel has been met with investor skepticism and has embedded a negative $20-$30 per share hit to Allegiant's valuation. Pfennigwerth raised estimates above consensus to reflect the net benefit of lower fuel and the completion of the A320 transition which should drive an improvement in reliability, efficiency, and reputation.
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