UPDATE: Imperial Capital Downgrades Republic Airways Ahead of Potential Frontier Airlines Sale

In a report published Wednesday, Imperial Capital analyst Bob McAdoo downgraded the rating on Republic Airways Holdings (NASDAQ: RJET ) from Outperform to In-Line, but raised the price target from $12.50 to $14.00. In the report, Imperial Capital noted, “Downgrading our rating on RJET shares to In-Line from Outperform as