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- FanytjoaFanytjoa
  ·2021-06-15
  Cool
  Citi upgrades Spirit Airlines to buy, says stock looks cheap after three months of weakness
  Low-cost air carrierSpirit Airlineslooks cheap for investors, especially after a recent decline in i
  Citi upgrades Spirit Airlines to buy, says stock looks cheap after three months of weakness
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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCiti upgrades Spirit Airlines to buy, says stock looks cheap after three months of weakness\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-15 19:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/15/spirit-airlines-stock-upgrade-citi.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Low-cost air carrierSpirit Airlineslooks cheap for investors, especially after a recent decline in its stock price, according to Citi.\nShares of the budget airline remain below their pre-pandemic ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/15/spirit-airlines-stock-upgrade-citi.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SAVE":"Spirit Airlines"},"source_url":"https://www.cnbc.com/2021/06/15/spirit-airlines-stock-upgrade-citi.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1175653021","content_text":"Low-cost air carrierSpirit Airlineslooks cheap for investors, especially after a recent decline in its stock price, according to Citi.\nShares of the budget airline remain below their pre-pandemic levels and have dipped more than 13% in the past three months. However, the company released updated guidance on Monday that showed wider margins for the second quarter than previous projections.\nAnalyst Stephen Trent upgraded the stock to buy from neutral, saying in a note to clients on Tuesday that the stock’s recent struggles “opened value in the shares” and the updated guidance helped to convince him it was time to buy the dip.\n“Forecast adjustments for Spirit Airlines include the incorporation of stronger, expected unit revenue, higher forecasted growth in available seat miles, but with this growth only partially tempered by lower ’21E efficiency gains and higher fuel into our model,” the note said.\nThe positive guidance on revenue outweighs higher guidance on the cost side, Citi said.\n“Costs associated with re-starting some operations look poised to pressure ex-fuel [cost per available seat mile] more than we had previously anticipated, while fuel prices keep rising. However, summer 2021E travel demand indicators also look poised to support domestic leisure-oriented passenger revenue,” the note said.\nCiti also hiked its price target on Spirit by $2 to $42 per share, which is more than 23% above where the stock closed on Monday.","news_type":1,"symbols_score_info":{"SAVE":0.9}},"isVote":1,"tweetType":1,"viewCount":462,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":false}