** Shares of JetBlue Airways JBLU.O down 2% and Frontier Group Holdings ULCC.O down 3% premarket after Deutsche Bank trims rating on stocks to "hold" from "buy"
** Brokerage says both airlines are exposed to potential pockets of weakness in domestic demand
** "While we continue to remain constructive on the supply backdrop – which we still believe is favorable – our attention has shifted to what appears to be an emerging economic "soft patch"" - brokerage
** As of last close, JBLU down 17.8% and ULCC down 2.5% YTD
Company | New PT | Old Pt |
JetBlue | $7 | $9 |
Frontier | $8 | $12 |
(Reporting by Anshuman Tripathy)
((Anshuman.Tripathy@thomsonreuters.com))
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