Morgan Stanley Maintains Underweight on Frontier Communications, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Simon Flannery maintains an Underweight rating on Frontier Communications (NASDAQ:FYBR) and lowers the price target from $19 to $18.
May 30, 2023 | 12:44 pm
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NEGATIVE IMPACT
Morgan Stanley maintains an Underweight rating on Frontier Communications and lowers the price target from $19 to $18.
The lowered price target by Morgan Stanley indicates a bearish outlook on Frontier Communications. This could lead to a negative short-term impact on the stock price as investors may adjust their positions based on the new target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100