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Actionable news in SAVE: Spirit Airlines, Inc.,

Citi's Neutral-To-Bullish Call On The Airliners

Airliners Stocks Receive Neutral-To-Bullish Calls From Citi|NYSE:UALNYSE:ALKNYSE:DALNASDAQ:AALNYSE: LUV

“The US airline industry has been hosting a renaissance party for investors,” Citi’s Kevin Crissey said in a report. All the stocks in this segment have at least tripled over the last five years.

“Although we are staying at the party from a ratings perspective, we’ve moved away from the punch bowl,” Crissey commented.

Top Pick

Crissey named American Airlines Group Inc AAL 0.13% as the top pick among U.S. airlines, saying the company would benefit from “unique post-merger efficiency opportunities” and lower capex. He initiated coverage of the company with a Buy rating and a price target of $55.

Other Buy-Rated Stocks

Neutral-Rated Stocks

Downgrade

“We think valuation on SAVE shares already discounts a substantial portion of its near-term growth opportunities,” the analyst mentioned.

In Friday's Pre-Market

  • Alaska closed Thursday at $78.85.
  • Allegiant closed Thursday at $160.80.
  • American was up 1.03 percent at $46.30.
  • Delta was up 1.26 percent at $49.12.
  • Hawaiian was up 2.03 percent at $50.
  • JetBlue was up 0.05 percent at $20.75.
  • Southwest was up 0.66 percent at $47.
  • Spirit was down 1.43 percent at $53.10.
  • United was up 0.72 percent at $68.35.
DateFirmActionFromTo
Nov 2016CitigroupInitiates Coverage OnBuy
Oct 2016Wolfe ResearchMaintainsOutperform
Oct 2016Imperial CapitalMaintainsIn-Line

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