Frontier Airlines stock faces reality check after Deutsche Bank downgrade ahead of earnings
Deutsche Bank downgraded Frontier Group Holdings to “hold” from “buy” on Tuesday and kept its $6 12-month price target, a Wall Street estimate of where the stock could trade. Analyst Michael Linenberg said the shares, up 35% this year, now sit near fair value after beating the S&P 500’s 1.7% gain. The call hits one day before Frontier, parent of Frontier Airlines, is due to report earnings on Feb. 11. Deutsche Bank said the stock had been trading above its target after the rally.