$ALGT

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.

JPMorgan double-upgraded IREN Limited to Overweight with a $65 target, while GLJ Research initiated GE Vernova with a Sell rating at $470. Oil prices dropped over 2%, and crypto markets were volatile ahead of the Fed's rate decision. Analysts also upgraded Chime Financial and downgraded Accenture, among others.

Analysts updated ratings and price targets for multiple companies. Evercore raised Netflix's target to $110. JPMorgan noted Apple's iPhone 18 deliveries are tracking lower. UBS upgraded Allegiant to buy. Bernstein reiterated Nvidia and Broadcom as outperform. Baird named Valvoline a fresh pick. Melius downgraded GE Aerospace and Honeywell Aerospace to hold. JPMorgan upgraded Iren due to its Nvidia partnership. Wolfe upgraded Affirm to outperform. Berenberg initiated On Holding as buy. Rothschild

Raymond James ranks Delta Air Lines (DAL) as the best-positioned US airline for Q4 2026, followed by JetBlue (JBLU), citing capacity and fare trends. Alaska Air (ALK) and Allegiant (ALGT) face the most challenges. The firm expects slight negative competitive capacity trends overall, with exceptions. Spirit Airlines' exit benefits most carriers, especially JetBlue and Frontier. Fare trends favor JetBlue and Allegiant most.

UBS upgraded Allegiant Travel (ALGT) to 'buy' with a $107 price target, implying 35% upside from its September 11 close. The brokerage sees significant earnings growth potential from synergies post-Sun Country acquisition, projecting adjusted EPS of $8.88 in 2027 and $13.36 in 2028. UBS also notes Allegiant's fleet value exceeds its market cap and improving demand trends.

Allegiant Travel (ALGT) expanded its Flint Bishop International Airport routes, adding two new year-round nonstop flights to Orlando and Fort Myers, and increasing services to Sarasota and St. Pete-Clearwater. The move aims to boost leisure travel demand and ancillary revenue. Analysts expect 19.3% annual revenue growth and a return to profitability, with forecasts of $5.4B revenue and $630.9M earnings by 2029. However, risks include potential softness in leisure demand and higher fixed costs fr

Allegiant Travel (ALGT) added new year-round routes in Florida and increased flights to other destinations. Its stock is down 24.84% over 30 days and 11.19% year-to-date, despite a 21.12% total shareholder return over one year. The company's valuation is debated, with some analysts suggesting it is undervalued at $78.16 versus a fair value of $136.86, while others note mixed P/S ratios.

Allegiant Travel (ALGT) will launch two new year-round routes from Flint to Florida in 2027, expanding its leisure-focused network. The company aims for $5.4B revenue and $630.9M earnings by 2029, projecting 83% upside from current prices. Analysts debate the impact of fleet aging and rising costs on these plans.