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Fly News Breaks for June 18, 2015
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Jun 18, 2015 | 06:58 EDT
Credit Suisse downgraded Spirit Airlines to Neutral and lowered its price target o $69 from $75. The firm is moving to the sidelines ahead of Q2 earnings given aggressive competitor fare pricing and margin guidance risk. Credit Suisse believes consensus is still too high and negative earnings momentum makes multiple expansion unlikely.
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