Raymond James Downgrades Spirit Airlines To Market Perform

Analysts at Raymond James downgraded Spirit Airlines SAVE from Outperform to Market Perform and removed the price target of $85. Spirit Airlines shares have surged 94.63% over the past 52 weeks, while the S&P 500 index has gained 14.30% in the same period. Spirit Airlines' shares slipped 2.69% to $82.20 in pre-market trading.