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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ULCC:
- 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
- Morning Movers: Sarepta slumps after death following Elevidys use