Deutsche Bank upgrades Frontier, JetBlue to Buy on improving backdrop
In short
Deutsche Bank has revised its outlook on select discount airlines due to an improving industry backdrop. The financial institution officially lifted its investment ratings for both Frontier and JetBlue to Buy recommendations. This upward adjustment suggests positive structural momentum is anticipated for the carriers moving forward.
Key points
- Financial analysts anticipate stronger operational performance and equity upside for both…: Financial analysts anticipate stronger operational performance and equity upside for both discount carriers.
- An improving backdrop is providing sufficient support to elevate low-cost airline stock r…: An improving backdrop is providing sufficient support to elevate low-cost airline stock recommendations.
- Deutsche Bank now views the risk-reward profile for Frontier and JetBlue favorably as Buy…: Deutsche Bank now views the risk-reward profile for Frontier and JetBlue favorably as Buy opportunities.