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SAVE

Spirit Airlines

$34.15

0.44 (1.31%)

20:22
09/25/17
09/25
20:22
09/25/17
20:22

Spirit Airlines initiated with a Neutral at Macquarie

Macquarie analyst Susan Donofrio initiated Spirit Airlines with a Neutral and $33 price target citing valuation and lackluster earnings from heavy competitive fare discounting.

  • 27

    Sep

SAVE Spirit Airlines
$34.15

0.44 (1.31%)

09/15/17
09/15/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Equifax (EFX) downgraded to Hold from Buy at Argus with analyst Jasper Hellweg citing news of a major hack on the company's data that could have lasting effects. 2. FedEx (FDX) downgraded to Neutral from Buy at UBS with analyst Thomas Wadewitz citing TNT issues following the cyber-attack in June that knocked out multiple systems. 3. Carnival (CCL) downgraded to Neutral from Outperform at Credit Suisse with analyst Tim Ramskil saying he is worried that his estimate of absolute industry capacity growth in 2018-2021 is double that of the last five years. 4. American Airlines (AAL), United Continental (UAL), and Spirit Airlines (SAVE) were downgraded to Neutral from Overweight at JPMorgan. 5. Acuity Brands (AYI) downgraded to Market Perform from Outperform at Wells Fargo with analyst Richard Kwas saying his firm's electrical channel checks indicate the 8% consensus organic revenue growth estimate for FY18 does not have upside. The analyst thinks shares are likely range-bound in the $160-$200 range "for the time being." He believes a "material step up" in tiered solutions growth is needed for gross margin to outperform expectations. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/15/17
JPMS
09/15/17
UPGRADE
Target $66
JPMS
Overweight
Southwest upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Jamie Baker upgraded Southwest Airlines (LUV) to Overweight and raised his price target for the shares to $66 from $60. The analyst this morning also downgraded American Airlines (AAL), United Continental (UAL) and Spirit Airlines (SAVE) to Neutral. The recent correction in Southwest shares makes for a "compelling" risk-to-reward profile, Baker tells investors in a sector research note. An environment in which investors gravitate towards "relative safety and best in class" may benefit Southwest shares, the analyst contends.
09/15/17
JPMS
09/15/17
DOWNGRADE
Target $37
JPMS
Neutral
Spirit Airlines downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Jamie Baker downgraded Spirit Airlines to Neutral and lowered his price target for the shares to $37 from $45. The analyst is less confident in Spirit's ability to generate "steady returns and peer-leading margins" amid continued growth in to competitor markets.
09/06/17
SBSH
09/06/17
NO CHANGE
Target $48
SBSH
Buy
Spirit Airlines shares are bottoming, says Citi
Citi analyst Kevin Crissey believes Spirit Airlines shares are bottoming after the company lowered Q3 RASM guidance to down 7%-8.5% year-over-year from down 2%-4%. While the company is struggling, the stock traded essentially in-line with the Airline sector yesterday despite its investor update, which is a good sign that the worst for shares may be behind, Crissey tells investors in a research note. He lowered his price target for Spirit, his top pick in the sector, to $48 from $52 and keeps a Buy rating on the name.

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CME Group

$136.19

-1.33 (-0.97%)

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STZ

Constellation Brands, also tag STZ.B

$213.64

3.19 (1.52%)

07:21
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  • 18

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MSCC

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$51.28

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Synopsys

$83.72

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MSCC

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SNPS

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INTC

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INFO

IHS Markit

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LSCC

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IFX

use symbol IFNNY

QUIK

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ARMH

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MENT

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AVGO

Broadcom

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SIE

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SOI

Solaris Oilfield

$15.88

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GNRC

Generac

$50.49

-0.4 (-0.79%)

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07:19
Recommendations
Generac analyst commentary  »

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  • 01

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ADP

ADP

$113.72

-0.86 (-0.75%)

07:19
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Periodicals
Ackman increases pressure on ADP over tech development, WSJ reports »

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PRKR

ParkerVision

$1.50

-0.06 (-3.85%)

07:19
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GPRO

GoPro

$9.23

0.15 (1.65%)

07:19
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  • 01

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NAVI

Navient

$12.20

0.47 (4.01%)

07:17
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Hot Stocks
Navient sees adding over $1B of education refinance loans in FY17 »

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  • 18

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07:16
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Conference/Events
Commodity Futures Trading Commission Commissioners to speak at Expo »

Brian Quintenz and Rostin…

FGEN

FibroGen

$55.30

0.8 (1.47%)

, AZN

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$34.78

0.13 (0.38%)

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Hot Stocks
FibroGen announces CFDA acceptance of roxadustat NDA »

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FGEN

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AZN

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CMG

Chipotle

$329.30

8.91 (2.78%)

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  • 24

    Oct

UNH

UnitedHealth

$203.89

10.69 (5.53%)

, AMZN

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$1,009.13

2.79 (0.28%)

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Recommendations
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UNH

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AMZN

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AAN

Aaron's

$41.55

0.01 (0.02%)

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  • 27

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BMTC

Bryn Mawr Bank

$44.50

-0.1 (-0.22%)

, FCF

First Commonwealth

$13.94

-0.26 (-1.83%)

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Conference/Events
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BMTC

Bryn Mawr Bank

$44.50

-0.1 (-0.22%)

FCF

First Commonwealth

$13.94

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ONB

Old National Bancorp

$18.40

-0.05 (-0.27%)

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HCC

Warrior Met Coal

$24.04

0.51 (2.17%)

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Downgrade
Warrior Met Coal rating change  »

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MOH

Molina Healthcare

$61.54

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, UNH

UnitedHealth

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MOH

Molina Healthcare

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UNH

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CNC

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WCG

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CI

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$187.20

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ANTM

Anthem

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HNT

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HUM

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AET

Aetna

$155.90

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EHTH

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IBM

IBM

$146.54

-0.29 (-0.20%)

07:12
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NVO

Novo Nordisk

$49.31

-0.01 (-0.02%)

07:12
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  • 18

    Oct

TSLA

Tesla

$355.75

5.15 (1.47%)

07:11
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  • 06

    Nov

ATTU

Attunity

$6.90

0.12 (1.77%)

07:11
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Attunity's Replicate adopted by large health insurance provider »

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  • 16

    Nov

MYGN

Myriad Genetics

$35.84

-0.26 (-0.72%)

07:10
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  • 30

    Nov

MAIN

Main Street

$40.07

-0.1 (-0.25%)

07:09
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07:09
Hot Stocks
Main Street announces semi-annual supplemental cash dividend of 27.5c per share »

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  • 03

    Nov

JNJ

Johnson & Johnson

$140.79

4.67 (3.43%)

07:09
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Recommendations
Johnson & Johnson analyst commentary  »

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IONS

Ionis Pharmaceuticals

$63.85

2.7 (4.42%)

07:09
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LRCX

Lam Research

$194.55

2.19 (1.14%)

07:08
10/18/17
10/18
07:08
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07:08
Recommendations
Lam Research analyst commentary  »

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