Susquehanna raised the firm’s price target on Frontier Group to $5 from $4 and keeps a Neutral rating on the shares. The firm believes 2024 is setting up to be a year where idiosyncratic factors drive absolute and relative stock returns for the airlines, with network exposure, the “premiumization” of travel, fleets and order books, labor, service, and cost control driving the investment narratives and debates.
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