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Fly News Breaks for March 26, 2019
ALGT
Mar 26, 2019 | 08:43 EDT
As previously reported, Macquarie analyst Susan Donofrio upgraded Allegiant Travel to Outperform from Neutral and kept her $149 price target following her meetings with its management last week. The analyst notes that while the investment "story remains sloppy", the airline's "leisure fares" remain strong. Donofrio also notes that Allegiant Travel is relatively insulated from significant competition and its stock trades at a "quite compelling" valuation.