Frontier Group price target lowered to $5.35 from $7 at Citi

Citi lowered the firm’s price target on Frontier Group to $5.35 from $7 and keeps a Neutral rating on the shares. The company is doing a better job relative to discount airline peers at maintaining a basic level of profitability, but its earnings remain well below their pre-pandemic averages, while short-term industry capacity deployment could pressure Frontier’s revenue per available seat mile, the analyst tells investors in a research note.