Market Overview

Morgan Stanley Calls Spirit Airlines 'Most Profitable Airline In The World'

Share:

Morgan Stanley analysts commented on Spirit Airlines Incorporated (NASDAQ: SAVE) following third quarter 2014 earnings.

Within the note titled, ‘SAVE Most Profitable Airline in the World’ John Godyn stated, “In 2Q14, SAVE was the 2nd most profitable airline in the world on an EBITDAR basis. Following strong 3Q result, we forecast SAVE generating ~36% EBITDAR margins in 2015 – a level likely to make it the most profitable airline in the world. Accordingly, we expect SAVE to sustain its premium multiple.”

Morgan Stanley analysts maintained an Overweight rating and raised the price target from $90 to $100.

Shares of Spirit Airlines closed Friday at $73.11, up 3.12 percent.

Latest Ratings for SAVE

DateFirmActionFromTo
Sep 2019DowngradesOverweightEqual-Weight
Sep 2019MaintainsOutperform
Sep 2019DowngradesBuyNeutral

View More Analyst Ratings for SAVE
View the Latest Analyst Ratings

Posted-In: John Godyn Morgan StanleyAnalyst Color Price Target Analyst Ratings

 

Related Articles (SAVE)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
LGIHBTIGReiterates65.0
NXSTBenchmarkMaintains150.0
ANIKFirst AnalysisDowngrades
HUNAlembic GlobalAssumes
POOLStephens & Co.Reiterates196.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Investors Rewarded With Treats, Not Tricks, As Dow And S&P Close At Record Highs

Starbucks Conference Call Highlights