Raymond James raises jet fuel outlook, cuts airline estimates, upgrade Allegiant to Strong Buy
ALGT Allegiant Travel
$81.85 +7.12%
View chart & analysis → - 1Raymond James raised its airline estimates across the board citing an upward revision to its jet fuel outlook, while upgrading Allegiant Travel (ALGT) to Strong Buy.
- 2The firm raised its jet fuel forecasts for 2H 2026, 2027, and 2028 by roughly 18%, 14%, and 7%, respectively, and Allegiant shares rose more than 2% in pre-market trading.
- 3The jet fuel upgrade mainly reflects expanded refining margin assumptions, and the firm noted that even excluding fuel, the constructive backdrop was offset by sharp share price declines quarter-to-date.
This 3-line summary is compiled from the report below.
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