Frontier Group Holdings Inc. (ULCC) saw its stock price soar 9.98% during intraday trading on Wednesday.
The surge appears to be driven by positive analyst sentiment, specifically after Deutsche Bank raised its price target for the company from $3.5 to $5. This represents a significant increase of approximately 42.9%, signaling improved confidence in the company's future performance.
Additionally, Susquehanna maintained its Neutral rating on the stock, indicating ongoing analyst coverage and evaluation of the company's prospects.