Citigroup Maintains Sell on Spirit Airlines, Lowers Price Target to $3.85
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Stephen Trent has maintained a Sell rating on Spirit Airlines (NYSE:SAVE) and lowered the price target from $4 to $3.85, indicating a bearish outlook on the stock.
April 17, 2024 | 3:28 pm
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Citigroup has maintained a Sell rating on Spirit Airlines and reduced the price target to $3.85 from $4, suggesting a negative outlook.
The reduction in price target by Citigroup reflects a bearish sentiment towards Spirit Airlines, likely due to concerns about its financial health, market position, or industry challenges. This analyst action can influence investor perception and potentially lead to a decrease in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100