Frontier Group price target raised to $7 from $6 at Barclays

Barclays analyst Brandon Oglenski raised the firm’s price target on Frontier Group to $7 from $6 and keeps an Overweight rating on the shares post the Q4 report. The analyst says better non-fuel cost performance, network changes and operational reliability improvements should help turn around results for Frontier in 2024. However, pilot pay increases loom on the horizon, keeping the 2025 outlook “a bit subdued,” the analyst tells investors in a research note.