Frontier Group named short-term buy idea at Deutsche Bank

Deutsche Bank analyst Michael Linenberg placed a "Catalyst Call: Buy" on shares of Frontier Group as a short-term investment idea. With the shares down 15%, the stock is overreacting to the company’s March quarter outlook which calls for a larger loss per share than the Street had been forecasting, the analyst tells investors in a research note. The firm says March is seasonally the weakest quarter for the company and also reflects elevated fuel prices. Frontier is well positioned in 2023 to benefit from an improving cost structure and strong ancillary growth, contends the firm. It would be buyers of Frontier as it thinks the selloff is overdone.