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

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.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Newton Golf Company (NWTG) Reports Q2 Loss of $0.49
• SVB & T Corporation (SVBT) Tops Q2 EPS by 275c