Frontier Group downgraded to Hold from Buy at Deutsche Bank

Deutsche Bank analyst Michael Linenberg downgraded Frontier Group (ULCC) to Hold from Buy with an unchanged price target of $6. With the share price up 35% year-to-date, materially outpacing the 1.7% gain in the S&P 500 to make it one of the best performing airline stocks in the firm’s coverage, the firm sees the stock trading at what it deems to be fair value.