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Citi Sticks to Their Hold Rating for Frontier Group Holdings (ULCC)

Tipranks - Tipranks - Tue Mar 24, 6:15AM CDT

In a report released today, John Godyn from Citi maintained a Hold rating on Frontier Group Holdings, with a price target of $3.50.

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According to TipRanks, Godyn is an analyst with an average return of -3.0% and a 37.97% success rate. Godyn covers the Industrials sector, focusing on stocks such as Allegiant Travel Company, Delta Air Lines, and JetBlue Airways.

In addition to Citi, Frontier Group Holdings also received a Hold from TipRanks – xAI’s xAi Airlines Airports and Air Services in a report issued on March 19. However, on March 18, TipRanks – Anthropic reiterated a Sell rating on Frontier Group Holdings (NASDAQ: ULCC).

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Based on Frontier Group Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $997 million and a net profit of $53 million. In comparison, last year the company earned a revenue of $1 billion and had a net profit of $54 million

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