Courtesy of Benzinga.
Shares of Spirit Airlines Incorporated (NASDAQ: SAVE) are up more than 16.1 percent since the beginning of the year. However, over the past week, the stock has lost almost 10 percent of its value, even though the company posted a top- and bottom-line beat on Tuesday morning.
Following the most recent decline, top raters at the Vetr community decided to upgrade their rating on the stock from four stars to 4.5 stars – out of a possible five-star rating. The new rating better reflects the 14.75 percent upside potential implied in the crowd’s $52.98 average price target.
Finally, it should be noted that 83 percent of the crowd’s ratings are now bullish.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
Latest Ratings for SAVE
Date | Firm | Action | From | To |
---|---|---|---|---|
Apr 2016 | Credit Suisse | Maintains | Neutral | |
Apr 2016 | JP Morgan | Downgrades | Overweight | Neutral |
Apr 2016 | Citigroup | Maintains | Buy |
View More Analyst Ratings for SAVE
View the Latest Analyst Ratings
Posted-In: VetrUpgrades Price Target Crowdsourcing Analyst Ratings Trading Ideas General