Morgan Stanley Maintains Overweight on Frontier Group Holdings, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Ravi Shanker maintains an Overweight rating on Frontier Group Holdings (NASDAQ:ULCC) but lowers the price target from $20 to $19.
May 23, 2023 | 11:44 am
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Morgan Stanley maintains an Overweight rating on Frontier Group Holdings (NASDAQ:ULCC) and lowers the price target from $20 to $19.
The news directly mentions Frontier Group Holdings (NASDAQ:ULCC) and the lowered price target by Morgan Stanley. While the Overweight rating is maintained, the lowered price target may have a neutral impact on the stock price in the short term as it indicates a slight decrease in the analyst's confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100