Frontier Group downgraded to Hold from Buy at Deutsche Bank

Deutsche Bank downgraded Frontier Group to Hold from Buy with a price target of $5, down from $7.50. While it appears the demand backdrop for Frontier has stabilized, :one can’t ignore the fact the company is on track to report another annual earnings loss, its third in three years as a publicly traded company,” the analyst tells investors in a research note. The firm says it is not clear when Frontier will return to profitability. Deutsche believes Frontier’s plans to ramp-up capacity through the year to a mid-teen growth rate “could complicate rather than facilitate that realization.”