BofA lowered the firm’s price target on Frontier Group (ULCC) to $7 from $10 and keeps a Neutral rating on the shares. The positive industry thesis that drove airline stocks in 2024 was predicated on demand staying “status quo,” but that has obviously changed since early February, says the analyst, who adds that “there is no place to hide from softening demand trends.” The firm notes it has lowered estimates and targets with its 2025 EPS estimates for the airlines now all below company guidance/consensus.
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