Frontier Group price target raised to $7 from $5 at Evercore ISI

Evercore ISI analyst Duane Pfennigwerth raised the firm’s price target on Frontier Group (ULCC) to $7 from $5 and keeps an In Line rating on the shares. Across the firm’s airlines and lodging coverage, the analyst believes the post-election demand pickup was “quicker and stronger vs. initial expectations” and that the compressed period between Thanksgiving and peak Holidays, combined with a dose of late-year corporate travel, also likely contributed to stronger outcomes, says the analyst as the firm adjusting airline estimates and rolling its price targets to a 2026 basis.