Deutsche Bank Starts Spirit Airlines (SAVE) at Buy; Consistently Profitable With Above Average Earnings Growth

January 30, 2012 8:14 AM EST
Get Alerts SAVE Hot Sheet
Price: $55.81 --0%

Rating Summary:
    14 Buy, 6 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 28 | Down: 28 | New: 23
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Deutsche Bank initiates coverage on Spirit Airlines (NASDAQ: SAVE) with a Buy. PT $24.00.

Deutsche analyst says, "Supporting our thesis are the following key elements: (1) consistently profitable with returns that are industry-leading; (2) low cost producer with distinctive revenue model; (3) significant growth opportunities; and (4) strong liquidity position coupled with no debt on the balance sheet. In our view, the combination of the above should result in meaningful shareholder wealth creation for the foreseeable future."

For an analyst ratings summary and ratings history on Spirit Airlines click here. For more ratings news on Spirit Airlines click here.

Shares of Spirit Airlines closed at $16.23 yesterday.

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