Evercore ISI Group Downgrades Frontier Group Holdings to Neutral, Announces $7 Price Target
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group has downgraded Frontier Group Holdings (NASDAQ:ULCC) from Outperform to Neutral and set a price target of $7.
September 18, 2023 | 12:08 pm
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NEGATIVE IMPACT
Frontier Group Holdings has been downgraded by Evercore ISI Group from Outperform to Neutral with a new price target of $7.
The downgrade from Outperform to Neutral by Evercore ISI Group indicates a less optimistic outlook for Frontier Group Holdings. This could potentially lead to a decrease in the stock's price in the short term. The new price target of $7 also suggests a lower valuation for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100