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Spirit Airlines (SAVE) Stock Gets ‘Outperform’ Rating at Credit Suisse

NEW YORK (TheStreet) -- Before Monday's market open, Spirit Airlines (SAVE) stock rating was raised to "outperform" from "neutral" at Credit Suisse as analysts forecast a 15% increase in earnings by next year. Analysts also increased their price target to $55 from $44 on the airline carrier.

Shares of Spirit Airlines are gaining 3.74% to $44.07 in early morning trading.

Despite the higher fuel prices, Spirit Airlines and its competitor Southwest Airlines (LUV) are expected to deliver earnings growth in 2017, Credit Suisse analysts explained in a note released this morning.

"Both SAVE & LUV are...