Deutsche Bank Downgrades Frontier Group Holdings to Hold, Lowers Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Michael Linenberg has downgraded Frontier Group Holdings (NASDAQ:ULCC) from Buy to Hold and lowered the price target from $7.5 to $5.
October 27, 2023 | 10:03 am
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Frontier Group Holdings has been downgraded from Buy to Hold by Deutsche Bank, with a lowered price target of $5.
The downgrade from Buy to Hold by Deutsche Bank indicates a less optimistic outlook for the company's stock. The lowering of the price target from $7.5 to $5 suggests that the bank expects the stock's price to decrease in the short term. This could potentially lead to a decrease in the stock's price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100