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Fly News Breaks for April 30, 2015
SAVE
Apr 30, 2015 | 08:09 EDT
As previously reported, Evercore ISI upgraded Spirit Airlines to Buy from Hold with an $85 price target. The firm views valuation as reasonable and believes Q2 unit revenue guidance will be a bottom, capacity growth is moderating, and Spirit has a widening cost advantage vs. peers.
News For SAVE From the Last 2 Days
SAVE
Mar 27, 2024 | 05:33 EDT
Barclays analyst Brandon Oglenski reinstated coverage of Spirit Airlines with an Underweight rating and $4 price target. Spirit faces significant operating and financial headwinds in the coming year that are likely to limit share upside, the analyst tells investors in a research note. The firm says that with mounting financial leverage and ongoing operating losses compounded by GTF engine related groundings, it sees limited equity potential in Spirit's shares.