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SAVE

Spirit Airlines

$58.30

0.82 (1.43%)

16:24
04/24/19
04/24
16:24
04/24/19
16:24

Spirit Airlines reports Q1 adj. EPS 84c, consensus 84c

Reports Q1 revenue $855.8M, consensus $865.13M.

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SAVE Spirit Airlines
$58.30

0.82 (1.43%)

03/11/19
LEHM
03/11/19
NO CHANGE
LEHM
Barclays upgrades Spirit to Overweight and names Top Pick, downgrades JetBlue
Barclays analyst Brandon Oglenski upgraded Spirit Airlines (SAVE) to Overweight from Equal Weight while downgrading JetBlue Airways (JBLU) to Equal Weight from Overweight. The analyst says that in a sector "besieged by seemingly permanent negative sentiment," he seeks airline managements "driving agendas and delivering tangible results." Improvements in network reliability, traction on revenue management initiatives, dynamic pricing of ancillary products and prime growth opportunities in the U.S. market suggest Spirit shares are "significantly undervalued," Oglenski tells investors in a research note. He expects the company's earnings growth will exceed 40% in 2019, and sees upside of over 35% in the shares. Oglenski names Spirit his Top Pick in airlines. For JetBlue, the analyst believes the company's commercial initiatives can be subject to competitive pressure. While there is a lot to like, the company is not seeing much traction, says Oglenski.
03/11/19
03/11/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Apple (AAPL) upgraded to Buy from Neutral at BofA/Merrill with analyst Wamsi Mohan saying he now sees "stability" of supply chain order cuts and a "large reversal of inventory overhang" in iPhones. He believes negative consensus estimates revisions for fiscal 2020 and 2021 have overshot to the downside and that the valuation, excluding Apple's cash position, is attractive. The analyst also raised his price target for the shares to $210 from $180. 2. Facebook (FB) upgraded to Buy from Neutral at Nomura Instinet with analyst Mark Kelley saying Facebook's transition to Stories appears to be occurring more quickly than we expected. 3. FireEye (FEYE) upgraded to Overweight from Neutral at JPMorgan with analyst Sterling Auty saying the stock's year-to-date performance has been 23% below the group's coverage, and the stock is now trading at 3.7 times estimated fiscal 2019 revenue estimates. 4. Spirit Airlines (SAVE) upgraded to Overweight from Equal Weight at Barclays with analyst Brandon Oglenski raising his price target for the shares to $70 from $65. 5. AutoZone (AZO) upgraded to Buy from Neutral at BofA/Merrill with analyst Elizabeth Suzuki saying she does not think that the rally for auto parts stocks is over and she believes that AutoZone's valuation discount to the group should narrow as it grows its commercial business. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/28/19
IMPC
03/28/19
NO CHANGE
Target $83
IMPC
Outperform
Spirit Airlines price target lowered to $83 from $92 at Imperial Capital
Imperial Capital analyst Michael Derchin lowered his price target for Spirit Airlines to $83 from $92 to reflect reflect higher fuel prices and conservatism on fiscal 2020 unit revenues. The analyst, however, says Spirit remains his top pick with an Outperform rating. Current share valuations are attractive due to moderate capacity growth, greater yield management capabilities, ancillary revenue growth with key initiatives in the pipeline, cost controls, and "significantly improved" operational reliability resulting in top-tier margins, Derchin tells investors in a research note.
04/02/19
SPHN
04/02/19
NO CHANGE
Target $63
SPHN
Overweight
Airlines needed some good news, and Delta delivered, says Stephens
With investor sentiment on the airline space negative, the group was in need of some good news and Delta Air Lines delivered a positive surprise this morning, Stephens analyst Jack Atkins tells investors in a research note. The airline pointed Q1 RASM growth to the upper-end of its initial guidance range, lowered its Q1 CASM excluding fuel expectation and raised its Q1 earnings guidance range, says the analyst. Atkins finds it encouraging that Delta noted underlying passenger demand remains solid and that the business market led the way during the quarter. Further, the company announced an extension of its credit card partnership with American Express (AXP), which is expected to double the revenue contribution to $7B by 2023 versus 2018 levels, he notes. Atkins reiterates an Overweight rating on Delta with a $63 price target. The stock in midday trading is up 7% to $55.64. Other names in the airline space include Alaska Air (ALK), American Airlines (AAL), JetBlue (JBLU), Southwest (LUV), Spirit Airlines (SAVE) and United Continental (UAL).

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EXPGY

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GE

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AJG

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AGLNF

AGL Energy

$0.00

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SPWR

SunPower

$8.27

0.03 (0.36%)

, RUN

Sunrun

$17.09

0.64 (3.89%)

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SunPower

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SEDG

SolarEdge

$56.58

0.09 (0.16%)

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MGI

MoneyGram

$1.44

-0.06 (-4.00%)

, PHAS

PhaseBio

$12.25

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STLD

Steel Dynamics

$26.23

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BHVN

Biohaven Pharmaceutical

$57.33

-5.63 (-8.94%)

RMTI

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$4.39

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CALA

Calithera Biosciences

$5.87

0.64 (12.24%)

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AAPL

Apple

$193.90

1.06 (0.55%)

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Apple's tvOS 13 beta 2 includes Picture-in-Picture support, 9to5Mac reports »

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SEDG

SolarEdge

$56.58

0.09 (0.16%)

18:33
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18:33
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SolarEdge rating change at Goldman Sachs »

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RUN

Sunrun

$17.09

0.64 (3.89%)

18:33
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18:33
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Sunrun rating change at Goldman Sachs »

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SPWR

SunPower

$8.27

0.03 (0.36%)

18:33
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SunPower rating change at Goldman Sachs »

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BLSFY

Bluescope Steel

$0.00

(0.00%)

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IFF

International Flavors

$147.54

-1.25 (-0.84%)

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International Flavors CEO: We have planned for Brexit and China is benign for us »

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VZ

Verizon

$57.63

-0.65 (-1.12%)

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BHVN

Biohaven Pharmaceutical

$57.33

-5.63 (-8.94%)

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DISH

Dish

$39.00

1.46 (3.89%)

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T

AT&T

$32.30

-0.06 (-0.19%)

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BHVN

Biohaven Pharmaceutical

$57.33

-5.63 (-8.94%)

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Syndicate
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VSM

Versum Materials

$51.42

0.01 (0.02%)

, MKGAY

Merck KGaA

$0.00

(0.00%)

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VSM

Versum Materials

$51.42

0.01 (0.02%)

MKGAY

Merck KGaA

$0.00

(0.00%)

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  • 17

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VLO

Valero

$76.93

0.19 (0.25%)

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VLO

Valero

$76.93

0.19 (0.25%)

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MGI

MoneyGram

$1.44

-0.06 (-4.00%)

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