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Fly News Breaks for January 5, 2016
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Jan 5, 2016 | 16:25 EDT
Wolfe Research upgraded Spirit Airlines to Outperform with a $50 price target on shares. The firm said new CEO Bob Fornano will convey a steady message on growth prospects and longer-term, a potential merger with Frontier. Wolfe Research said the two companies have so much in common and a Frontier and Spirit Airlines tie-up would give scale to both to better compete against larger airlines by leveraging cost efficiencies.
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