Frontier Communications Parent shares are trading lower after Citigroup downgraded the stock from Buy to Neutral and lowered its price target from $30 to $17.
Portfolio Pulse from Benzinga Newsdesk
Frontier Communications Parent's stock has been downgraded from Buy to Neutral by Citigroup, which also lowered its price target from $30 to $17. This has led to a decrease in the trading value of the shares.
July 17, 2023 | 4:21 pm
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Frontier Communications Parent's stock has been downgraded by Citigroup, leading to a decrease in its trading value.
The downgrade of Frontier Communications Parent's stock by Citigroup from Buy to Neutral, along with a decrease in the price target, indicates a less optimistic outlook for the company. This has led to a decrease in the trading value of the shares, which is likely to negatively impact the short-term price of the stock.
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