** TD Cowen cuts PT of ultra-low-cost carrier Spirit Airlines' a day after the company issued its updated Q1 forecast
** Cuts PT by $1 to $4, maintains "hold" rating
** SAVE shares were down ~3% at $4.31 in premarket trade
** Co on Monday largely stuck to its Q1 margin forecast, despite flagging a delay in recognition of a big portion of credits that were set to help margins in Q1
** Seven of 13 brokerages rate the stock "hold", 6 "sell" or lower; their median PT is $4 - LSEG
** YTD, SAVE shares were down ~72%
(Reporting by Nathan Gomes in Bengaluru)
((Nathan.Gomes@thomsonreuters.com;))
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