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Fly News Breaks for February 5, 2020
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.
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