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Morgan Stanley Sticks to Its Hold Rating for Frontier Group Holdings (ULCC)

Tipranks - Tipranks - Fri Jan 9, 6:24AM CST

Morgan Stanley analyst Ravi Shanker maintained a Hold rating on Frontier Group Holdings today and set a price target of $8.00.

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Shanker covers the Industrials sector, focusing on stocks such as Delta Air Lines, FedEx, and JetBlue Airways. According to TipRanks, Shanker has an average return of -0.5% and a 48.48% success rate on recommended stocks.

Frontier Group Holdings has an analyst consensus of Hold, with a price target consensus of $5.29.

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Based on Frontier Group Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $886 million and a GAAP net loss of $77 million. In comparison, last year the company earned a revenue of $935 million and had a net profit of $26 million

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