Frontier Group price target lowered to $6 from $10 at Barclays

Barclays analyst Brandon Oglenski lowered the firm’s price target on Frontier Group (ULCC) to $6 from $10 and keeps an Overweight rating on the shares. The company’s materially lower Q1 revenue outlook, which is down nearly 10 points from the original guidance, is worse than its larger competitors, the analyst tells investors in a research note. The firm says Frontier’s business model viability will be the market focus.