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Fly News Breaks for February 6, 2020
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Feb 6, 2020 | 08:48 EDT
Buckingham analyst Daniel McKenzie maintained a Buy rating on Spirit Airlines and raised his price target for the shares to $57 from $53 following the company's Q4 results, saying shares should re-rate higher on a Q4 beat and an initial 2020 outlook that implies a 20% increase in pre-tax earnings or ~$6.00/share. Revenue momentum is continuing into the new year on solid U.S. domestic demand and in the context of depressed supply tied to the MAX grounding, McKenzie tells investors in a research note.
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