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Frontier Group upgraded to Buy from Hold at Deutsche Bank

Frontier Group upgraded to Buy from Hold at Deutsche Bank

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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