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Fly News Breaks for January 17, 2019
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Jan 17, 2019 | 09:01 EDT
Imperial Capital analyst Michael Derchin raised his price target for Spirit Airlines to $90 from $88 after the company updated its Q4 projections, including modestly raising its unit revenue guidance to up 11.4%. Investors are likely underestimating Spirit's earnings and unit revenue potential, Derchin tells investors in a research note. He says the stock remains his top idea with an Outperform rating.
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