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Spirit -3% after Stephens cut

|About: Spirit Airlines, Inc. (SAVE)|By:, SA News Editor

Stephens lowers Spirit Air (NYSE:SAVE) to an Equal-weight rating after having it slotted at Overweight.

The firm thinks Spirit is flying into a more challenging near-term atmosphere.

The price target goes to $45 from $55. The new PT is below the sell-side consensus PT of $48.36.

Shares of Spirit are down 2.71% premarket to $37.00.

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