Allegiant Travel Company (ALGT) PT Raised to $42 at TD Cowen

TD Cowen analyst Helane Becker raised the price target on Allegiant Travel Company (NASDAQ: ALGT) to $42.00 (from $33.00) while maintaining a Hold rating.

The analyst commented, "We update our ALGT estimates ahead of their 3Q24 results later this month. Mgmt issued a positive guidance update in late September when they published their August traffic results. Consensus estimates mostly look stale, so we expect numbers to move up over the course of October. Like peers, ALGT could beat a low bar in 2H24 but questions remain on 2025 and beyond. Maintain Hold, PT to $42."

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