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Stifel cautious on Spirit Airlines

Published 01/16/2018, 08:31 AM
© Reuters.  Stifel cautious on Spirit Airlines
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  • Stifel Nicolaus drops Spirit Airlines (NASDAQ:SAVE) to a Hold rating after having the airline stock set at Buy.
  • Analyst Joseph DeNardi is the latest to point to the "aggressive discounting" that could impact Spirit's bottom line this year. His forecast on Spirit is better for 2019 as capacity growth slows, but for this year his price target of $50 reps just 4.50% upside.
  • SAVE -1.06% premarket to $47.75.
  • Now read: Transports Weekly Snapshot - All We Want For Christmas Is Tax Reform


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