Citigroup Maintains Sell on Spirit Airlines, Lowers Price Target to $3.5
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Stephen Trent has maintained a Sell rating on Spirit Airlines (NYSE:SAVE) and reduced the price target from $3.85 to $3.5.
May 14, 2024 | 3:28 pm
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Citigroup's reduction of Spirit Airlines' price target from $3.85 to $3.5, while maintaining a Sell rating, could pressure the stock in the short term.
Analyst ratings and price target adjustments are significant indicators for investors, often influencing stock prices. A reduction in the price target, especially when accompanied by a Sell rating, suggests a bearish outlook on the stock, potentially leading to a decrease in its price in the short term.
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