$ALGT

Susquehanna Financial Group reduced price targets for eight airline stocks, citing higher fuel costs. Delta (DAL) was cut to $100, United (UAL) to $150, American (AAL) to $15, Alaska (ALK) to $50, Southwest (LUV) to $45, Allegiant (ALGT) to $85, JetBlue (JBLU) to $4, and Frontier (ULCC) to $6. Earnings estimates for Delta were also lowered. Higher fuel prices are expected to impact earnings through 2027.

Allegiant Travel (ALGT) stock rose 3.1% in pre-market trading after Citi added it to a 90-day positive Catalyst Watch list, maintaining a Buy/High Risk rating and $156 price target, implying 100% upside. Citi cited Allegiant's Sun Country integration, expected to generate $140M in annual synergies by 2029, and favorable macro conditions with easing yields and lower oil prices.

Citi upgraded JetBlue to Neutral/High Risk and added Allegiant Travel to a 90-day positive Catalyst Watch. JetBlue shares rose 3.7% and Allegiant shares rose 2.8% in premarket trading. Citi cited valuation for the JetBlue upgrade and set a $156 price target for Allegiant, implying 100% upside. The bank expects conservative 2027 capacity plans to sustain a rally in airline stocks.

Allegiant Travel Company's average stock price target was reduced from $123.86 to $122.43 by 14 analysts, with a range of $85 to $165. This implies a 58% upside from the Oct. 2 closing price. The consensus rating remains 'Buy' among 15 analysts, with 12 Buys, 3 Holds, and 0 Sells, according to FactSet.

Allegiant Travel Co. CEO Robert B. Goldberg sold 4,832 shares for $75.46 each on October 1, 2026, according to an SEC filing. This transaction was likely for tax purposes.

Allegiant Travel Co. completed its $1.5B acquisition of Sun Country Airlines. CEO Greg Anderson emphasized the company's focus on margin protection over growth, citing robust demand despite high jet fuel costs. Allegiant reported a $42.5M Q1 profit, up 32% YoY. The combined carrier will serve 175 cities with 650 routes, maintaining separate brands initially.

Allegiant Travel Company (ALGT) has seen a decline year-to-date but is expected to benefit from its Sun Country Airlines acquisition. UBS upgraded ALGT to Buy, citing potential synergies and long-term earnings growth, though it lowered its price target to $107. The merger expands the airline's fleet and routes, diversifies revenue, and aims for $140M in annual synergies. Hedge fund ownership increased, but short interest remains significant.

Allegiant Air is launching direct flights from Flint, Michigan, to Orlando and Fort Myers in February 2027, expanding its Florida network. The airline will also introduce 'Allegiant First,' a premium cabin with 37-inch pitch, and increase frequencies on existing routes. The expansion is part of a broader strategy to connect secondary cities to Florida's Gulf and Central Coast airports, offering travelers direct access to regional destinations and bypassing major hubs.

In the first half of 2026, US airlines collectively mishandled 1,120,760 bags, averaging 0.5 per 100 enplaned, similar to 2025. American Airlines (0.73), Envoy Air (0.72), and United Airlines (0.66) had the highest rates, while Allegiant Air had the lowest (0.12). Data from the DOT shows these rates, with mishandled bags including lost, delayed, damaged, or stolen luggage.

Compass Point upgraded Coinbase (COIN) to Neutral with a $177 price target, citing Bitcoin's cyclical recovery. Wolfe Research upgraded Affirm (AFRM) to Outperform with a $90 target, noting favorable risk/reward. UBS upgraded Allegiant Travel (ALGT) and Zions Bancorp (ZION) with price targets of $107 and $78, respectively. Baird downgraded Nike (NKE) to Neutral with a $44 target, citing concerns post-earnings. Other analysts made various upgrades and downgrades across multiple sectors.