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Benzinga
Benzinga
Business
Priya Nigam

Why This Spirit Airlines Analyst Is Turning Bullish

Spirit Airlines Spirit Nasdaq Jamie Baker Frontier JetBlue JetBlue Airways Corporation NYSE SAVE

A merger of Spirit Airlines Incorporated (NYSE:SAVE) is “a high probability outcome,” and a merger with JetBlue Airways Corporation (NASDAQ:JBLU) is more likely than with Frontier (NASDAQ:ULCC), according to a JPMorgan analyst. 

The Spirit Airlines Analyst: Jamie Baker upgraded the rating for Spirit Airlines from Neutral to Overweight while raising the price target from $24 to $30.

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