Barclays analyst Brandon Oglenski maintains $Spirit Airlines (SAVE.US)$ with a sell rating, and adjusts the target price from $3 to $0.5.
According to TipRanks data, the analyst has a success rate of 58.7% and a total average return of 9.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Spirit Airlines (SAVE.US)$'s main analysts recently are as follows:
Spirit Airlines acknowledged the possibility of bankruptcy earlier this week as a strategy to manage its substantial debt obligations, according to an analyst's research note.
The firm expressed concerns as Spirit Airlines disclosed in a regulatory filing their delay in filing the 10-Q, attributing the delay to management's significant time commitment to creditor negotiations. The company indicated that reaching a definitive agreement with creditors may result in the cancellation of equity, and failing to do so would lead them to explore all possible alternatives.
Note:
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