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Frontier Group resumed with a Neutral at Citi

Citi resumed coverage of Frontier Group (ULCC) with a Neutral rating and $7.25 price target The carrier appears to be posting better operational results than its discount peers, but tax credits screen as key earnings growth contributors, tariffs may pressure sale/leaseback activity and the carrier likely faces materially higher labor costs than its peers as it negotiates contract amendments with its pilots, which most peers have already done, the analyst tells investors.

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