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Fly News Breaks for July 30, 2019
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Jul 30, 2019 | 05:18 EDT
Imperial Capital analyst Michael Derchin believes Spirit Airlines are likely oversold considering the company's "strong" ancillary revenue growth and "industry-leading" cost structure. He lowered his price target for the shares to $64 from $78 and maintains an Outperform rating on the name. Derchin views Spirit's current issues as transitory.
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