TD Cowen analyst Thomas Fitzgerald lowered the firm’s price target on Frontier Group to $4 from $6.50 and keeps a Hold rating on the shares. The firm expects the airline’s 2Q24 results to disappoint due to operational challenges during the quarter and expects 3Q24 guidance to come in below estimates due to significant capacity cuts.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ULCC:
- Frontier Group price target lowered to $4.50 from $6 at Susquehanna
- Frontier Group price target lowered to $7 from $9 at Barclays
- Frontier Group price target lowered to $5 from $7 at Deutsche Bank
- Buy/Sell: Wall Street’s top 10 stock calls this week
- SAVE, ULCC Nosedive after Raymond James Downgrades both Stocks
Questions or Comments about the article? Write to editor@tipranks.com