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Raymond James Upgrades Frontier Group - Read Why

·1 min read
  • Raymond James analyst Savanthi Syth upgraded Frontier Group Holdings Inc (NASDAQ: ULCCto Outperform from Market Perform while maintaining the same price target of $14 (an upside of 45%).

  • The analyst states that the revised U.S. airline estimates reflect a stronger near-term revenue trend, stubbornly higher fuel prices, anticipated demand softening, and planned and expected capacity growth moderation.

  • RelatedRaymond James Shakes Up Ratings & Price Targets On Several US Airlines

  • The analyst upgraded, assuming JetBlue will be successful in its bid for Spirit Airlines, Inc (NYSE: SAVE).

  • RelatedJetBlue Submits Improved Proposal For Spirit Airlines At $33.50/Share

  • Syth believes ULCC's shares offer a compelling risk-reward and a longer runway of growth opportunities amidst a potential JetBlue-Spirit merger.

  • Price Action: ULCC shares are trading lower by 1.42% at $9.68 on the last check Thursday.

Latest Ratings for ULCC

Date

Firm

Action

From

To

Jan 2022

Barclays

Maintains

Overweight

Jan 2022

B of A Securities

Upgrades

Neutral

Buy

Oct 2021

JP Morgan

Upgrades

Neutral

Overweight

View More Analyst Ratings for ULCC

View the Latest Analyst Ratings

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