Deutsche Bank downgraded Frontier Group (ULCC) to Hold from Buy with a price target of $8, down from $12. The downgrade reflects the current uncertainty on the U.S. macro economic outlook, the analyst tells investors in a research note. The firm believes the economy will have a disproportionately larger impact on low-fare carriers like Frontier.
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Read More on ULCC:
- Frontier Group downgraded to Hold from Buy at Deutsche Bank
- No LUV-ing for Southwest Airlines Stock at JPMorgan
- Frontier Group price target raised to $10 from $7 at Morgan Stanley
- Frontier Group Holdings: Balancing Promising Growth and Market Caution with a Hold Rating
- Frontier Group price target raised to $9 from $8 at Susquehanna
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