Sprint Airlines (SAVE) Sandy Losses Not Bad, Analyst Reiterates Outperform
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Price: $1.08 --0%
Rating Summary:
4 Buy, 11 Hold, 10 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
4 Buy, 11 Hold, 10 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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This morning Spirit Airlines (Nasdaq: SAVE) reported its preliminary traffic results and updated guidance for December 2012.
Commenting on developments, analyst Bob McAdoo said "The company had previously expected a $30-35mn drag on revenue from Hurricane Sandy. The company now estimates fourth quarter revenue was hurt by only $25mn as a result of stronger December bookings. We believe this upward revenue revision is yet another data point indicating strengthening underlying demand."
Imperial Capital reiterated an Outperform rating on Spirit Airlines with a price target of $22.00.
For an analyst ratings summary and ratings history on Spirit Airlines (NASDAQ: SAVE) click here. For more ratings news on Spirit Airlines click here.
Shares of Spirit Airlines closed at $18.27 yesterday.
Commenting on developments, analyst Bob McAdoo said "The company had previously expected a $30-35mn drag on revenue from Hurricane Sandy. The company now estimates fourth quarter revenue was hurt by only $25mn as a result of stronger December bookings. We believe this upward revenue revision is yet another data point indicating strengthening underlying demand."
Imperial Capital reiterated an Outperform rating on Spirit Airlines with a price target of $22.00.
For an analyst ratings summary and ratings history on Spirit Airlines (NASDAQ: SAVE) click here. For more ratings news on Spirit Airlines click here.
Shares of Spirit Airlines closed at $18.27 yesterday.
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