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.
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Read More on ULCC:
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