Frontier Communications shares are trading higher after Wolfe Research initiated coverage on the stock with an Outperform rating and announced a $27 price target.
Portfolio Pulse from Benzinga Newsdesk
Frontier Communications' stock is trading higher following Wolfe Research's initiation of coverage with an Outperform rating and a $27 price target.
June 27, 2023 | 5:02 pm
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POSITIVE IMPACT
Frontier Communications' stock is expected to perform well in the short term due to Wolfe Research's positive rating and price target.
Wolfe Research's initiation of coverage on Frontier Communications with an Outperform rating and a $27 price target is a strong positive signal for the company's stock. This could lead to increased investor interest and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100