Frontier Group price target lowered to $4 from $7.25 at Citi

Citi analyst Stephen Trent lowered the firm’s price target on Frontier Group (ULCC) to $4 from $7.25 and keeps a Neutral rating on the shares. It will be very difficult to hit the “undo button” on the probable economic impacts of tariff and Department of Government Efficiency uncertainties on consumer discretionary spending and corporate planning, the analyst tells investors in a research note. The firm believes the discount airlines seem more at risk, which prompted Citi to cut target prices for both JetBlue and Frontier. A recession, including tariffs that disproportionately affect lower socio-economic strata, might be worse for discount airline carriers, contends Citi.