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Fly News Breaks for July 30, 2019
Jul 30, 2019 | 06:36 EDT
JPMorgan analyst Jamie Baker lowered his price target for Spirit Airlines to $54 from $72 but continues to see "considerable upside" in the shares. The analyst believes Spirit "kitchen-sinked" its cost guide for the remainder of this year, and can better control ex-fuel CASM next year. He also thinks the company can achieve slightly positive RASM in 2020. Baker keeps an Overweight rating on Spirit Airlines.
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