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ubs lowers allegiant travel stock target amid consumer demand concerns

UBS has cut Allegiant Travel's stock target to $61 from $93 while maintaining a Neutral rating, citing a downturn in first-quarter trends and consumer weakness. Despite a recent earnings beat, Allegiant revised its capacity growth forecast down to 13% due to softer leisure travel demand. The company is also undergoing executive changes and focusing on debt reduction, with expectations of returning to profitability this year.
Investing.com
Alaska Air Group Inc Frontier Group Holdings Inc Delta Air Lines, Inc. Southwest Airlines Co. United Airlines Holdings Inc Allegiant Travel Company JetBlue Airways Corporation American Airlines Group Inc. USA Thomas Wadewitz Savanthi Syth Tyler Hollingsworth Show more
Business & Industry, Market Report
16:39 20.03.2025

ubs lowers allegiant travel price target amid declining airline trends

UBS has reduced Allegiant Travel's share price target from $93 to $61 while maintaining a Neutral rating, citing a downturn in airline trends and consumer weakness. Despite a significant drop in share price and a projected 34% decline in earnings per share, Allegiant reported better-than-expected Q4 2024 results, with EPS of $2.10 and revenue of $627.7 million. The company is also adjusting its capacity growth forecast and has announced leadership changes, with ongoing efforts to reduce debt and potentially sell its Sunseeker resort to strengthen its financial position.
Investing.com Deutsch
United States Dollar Alaska Air Group Inc Frontier Group Holdings Inc Delta Air Lines, Inc. Southwest Airlines Co. United Airlines Holdings Inc Allegiant Travel Company JetBlue Airways Corporation American Airlines Group Inc. USA Thomas Wadewitz Savanthi Syth Tyler Hollingsworth Show more
Business & Industry, Market Report
15:46 20.03.2025
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