UBS analyst Thomas Wadewitz lowered the firm’s price target on Frontier Group (ULCC) to $4 from $7 and keeps a Neutral rating on the shares. The price target reduction reflects the rising risk of a recession and resulting pressure on RASM and EPS, the analyst tells investors in a research note.
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 $7 from $10 at BofA
- Frontier Group Holdings: Operational Gains Amidst Growth Challenges – Hold Rating Maintained
- Frontier Group resumed with a Neutral at Citi
- Southwest Airlines (LUV) in Settlement Talks with DOJ Over Flight Delay Lawsuit
- Frontier Airlines (NASDAQ:ULCC) Takes Advantage of Southwest Changes