Cowen Downgrades Allegiant Travel Company (ALGT) to Market Perform

Cowen analyst Helane Becker downgraded Allegiant Travel Company (NASDAQ: ALGT) from Outperform to Market Perform with a price target of $80.00 (from $120.00).

The analyst comments "We are downgrading the shares of Allegiant Travel from Outperform to Market Perform. The shares have underperformed the peer group this year, costs continue to rise, and the Sunseeker Resort opening is delayed again. We do not believe these shares can outperform the group in 2023."

For an analyst ratings summary and ratings history on Allegiant Travel Company click here. For more ratings news on Allegiant Travel Company click here.

Shares of Allegiant Travel Company closed at $71.58 yesterday.

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