SAVE (42.13) looks cheap and I put it on my watchlist. Lots of analyst downgrades in wake of the Q2 results and disappointing 2nd half guidance.
briefing -
Credit Suisse downgrades SAVE calling the stock 'dead money' until 2H rev comps lap (42.01 ) :
Credit Suisse's Jose Caiado stepped back to the sidelines on SAVE for the first time since his initiation about eight months ago in November 2018. "While there is upside to our revised $51 target price, we step to the sidelines with a view that the stock will be ‘dead money' until we lap the tough H2 revenue comps and a better 2020 setup comes into view. We remain constructive on SAVE's longer-term prospects, particularly as it relates to incremental technology/ancillary revenue initiatives, but it will take some time for management to earn back investors' trust."
Recall that the stock got slammed on Wednesday's Q2 print and guidance, down about 23% on Thursday. The stock recoups a portion of that move, indicated 1.2% higher this morning, despite Caiado's downgrade.