Spirit Airlines, Inc. (SAVE) has been initiated today with coverage from the research analysts at Dahlman Rose. Rose begins this new coverage of Spirit Airlines with an initial price target set at $18 dollars and rates performance of SAVE as “buy.” Rose also noted that their price target is based on the operating strategy of the company and that they should be able to grow at a quick clip off a small base.
SAVE gained more positive ground today than at any other time in its short time spent listed on the NASDAQ. Shares opened slightly higher than yesterday’s close and reached $13.36 at 11:31 A.M., Eastern. SAVE would proceed to close with a positive $1.02 gain over Tuesday’s close.
Spirit Airlines, Inc. provides passenger airline service primarily to leisure travelers and travelers visiting friends and relatives. It provides travel opportunities principally to and from south Florida, the Caribbean, and Latin America. The company offers basic passenger airline service with other optional travel-related products or services. The company has market capitalization of $868,759,050 and 82,890,000 shares outstanding. SAVE has a 52-week high of $12.69 with the low being $11.11 dollars.
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