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Fly News Breaks for February 5, 2020
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Feb 5, 2020 | 07:57 EDT
Citi analyst Stephen Trent opened a "30-day positive catalyst watch" on shares of Spirit Airlines. The company's upcoming Q4 results and Q1 guidance items are two factors that put short-term upside on the shares, Trent tells investors in a research note. Further, Spirit's combination of no 737 Max exposure, no China exposure and "significant" operational leverage to falling oil prices underpin a positive investment case, contends the analyst. He keeps a Buy rating on Spirit Airlines with a $48 price target.
News For SAVE From the Last 2 Days
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Mar 27, 2024 | 05:33 EDT
Barclays analyst Brandon Oglenski reinstated coverage of Spirit Airlines with an Underweight rating and $4 price target. Spirit faces significant operating and financial headwinds in the coming year that are likely to limit share upside, the analyst tells investors in a research note. The firm says that with mounting financial leverage and ongoing operating losses compounded by GTF engine related groundings, it sees limited equity potential in Spirit's shares.