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Spirit Airlines (SAVE) Stock Down, Deutsche Bank Drops Price Target

NEW YORK (TheStreet) -- Shares of Spirit Airlines (SAVE) are falling 0.23% to $42.65 this morning as Deutsche Bank lowers its price target on the stock to $52 from $56. The firm has a "buy" rating.

Before Friday's opening bell, Spirit reported 2016 second quarter non-GAAP earnings of $1.11 per diluted share, higher than analysts' estimates of $1.08 per share. The company generated revenue of $584.1 million in the period. However, analysts surveyed by Thomson Reuters were expecting revenue of $587.1 million.

Deutsche Bank...