Deutsche Bank analyst Michael Linenberg upgraded Frontier Group (ULCC) to Buy from Hold with a price target of $8, up from $6. The company is well positioned to benefit from an improving domestic backdrop as 94% of its March quarter’s capacity was deployed in domestic markets, the analyst tells investors in a research note. The firm says Frontier’s recent announcement to offer a first class product in 2025 will allow it capture a larger share of the customer wallet as well as augment its other premium product, UpFront Plus, which will reallocated to several rows behind first class.
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