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Fly News Breaks for June 20, 2016
SAVE
Jun 20, 2016 | 07:19 EDT
Credit Suisse analyst Julie Yates upgraded Spirit Airlines to Outperform and raised its price target to $55 from $44 saying the story is back on track and the investment case is attractive again. Yates said 2H 2016 unit revenue trends look more favorable, the new CEO is fine tuning strategy, driving improved investor sentiment, and the domestic leisure focus positions Spirit more favorably than network peers.
News For SAVE From the Last 2 Days
SAVE
Apr 17, 2024 | 17:31 EDT
JPMorgan upgraded JetBlue (JBLU) to Neutral from Underweight with a $7 price target. The company is increasingly well-positioned for a modest potential move to the upside based on improving market sentiment, and its upcoming Q2 guide coming next week may exceed consensus, the analyst tells investors in a research note. JetBlue is the second least-liked airline based on sell-side ratings, after Spirit (SAVE), with short interest on the stock also remaining "stubbornly high", the firm added.
SAVE
Apr 16, 2024 | 07:19 EDT
TD Cowen lowered the firm's price target on Spirit Airlines to $4 from $5 and keeps a Hold rating on the shares. The firm updated their 1Q and 2024 estimates for Spirit to incorporate management's latest guidance.