Frontier Group price target lowered to $3 from $9 at Susquehanna

Susquehanna lowered the firm’s price target on Frontier Group (ULCC) to $3 from $9 and keeps a Neutral rating on the shares as part of a Q1 preview for the airline group. Messaging around demand “needs to be clear” as investors “look to tease out leisure and business bookings into the spring and summer,” the analyst tells investors in a research note. The firm says that while stock valuations are “clearly undemanding,” it prefers carriers with structural advantages already in place and a track record of extracting value from their networks. Citi uncertainty around demand, Susquehanna reduced fiscal 2025 and 2026 estimates for the airlines.