Susquehanna analyst Christopher Stathoulopoulos lowered the firm’s price target on Spirit Airlines to $2.50 from $3 and keeps a Negative rating on the shares. The firm updated its estimates ahead of Q2 results and believes an expansion of premium revenue opportunities and whether supply rationalization is a realistic outcome continues to be the debate around US airlines.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SAVE:
- Spirit Airlines price target lowered to $3 from $4 at Barclays
- Domino’s Pizza upgraded, Bumble downgraded: Wall Street’s top analyst calls
- Spirit Airlines downgraded to Sell from Hold at Deutsche Bank
- Buy/Sell: Wall Street’s top 10 stock calls this week
- SAVE, ULCC Nosedive after Raymond James Downgrades both Stocks