Raymond James upgraded Frontier Group to Market Perform from Underperform without a price target. The firm sees near-term earnings momentum driven by Frontier’s “favorable” exposure to meaningful capacity cuts at Spirit in addition to improving pricing trends in the domestic and near-international markets. The shares are flat since July 5 compared to up 4% for the S&P 500 and up 8% for its U.S. peer average excluding Spirit, the analyst tells investors in a research note.
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