BofA lowered the firm’s price target on Frontier Group to $5 from $5.50 and keeps a Neutral rating on the shares. Following a “positive” Q3 update, the firm raised its Q3 EPS estimate to (3c) from (12c), but lowers its 2024 EPS estimate to 7c from 11c as it fine tuned its seasonal revenue assumptions and fuel forecasts, the analyst tells investors.
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