Allegiant Travel (ALGT) News Today

Allegiant Travel Company (NASDAQ:ALGT) saw mixed analyst actions over the past 24 hours. A major asset sale drove gains, while several brokerages cut targets or downgraded ratings on financial and sector concerns. Below is a summary of developments that have influenced its share performance.

• Positive Sentiment: Allegiant agreed to sell its Sunseeker Resort Charlotte Harbor to Blackstone Real Estate for $200 million, boosting liquidity and prompting a jump in its shares. Blackstone to Acquire Resort from Allegiant for $200 M
• Neutral Sentiment: UBS Group initiated coverage on ALGT with a "neutral" rating and a $59 price target, signaling modest upside potential. UBS Group Coverage
• Negative Sentiment: Bank of America cut ALGT’s price target to $45 from $50 and maintained an "underperform" rating, implying about 17.5% downside risk. BOFA Pessimistic Forecast
• Negative Sentiment: Morgan Stanley trimmed its price target to $83 from $85 but kept an "equal weight" rating, reflecting cautious optimism. Morgan Stanley Price Target Cut
• Negative Sentiment: Shares fell about 7.5% following recent analyst downgrades, highlighting investor concern over sector fundamentals. Shares Down After Downgrade
• Negative Sentiment: Analyst Andrew Didora reiterated a Sell rating citing Allegiant’s financial strain and weak sector fundamentals. Sell Rating for Financial Strain