Morgan Stanley Maintains Underweight on Frontier Communications, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Simon Flannery has maintained an Underweight rating on Frontier Communications (NASDAQ:FYBR) and lowered the price target from $18 to $16.
September 05, 2023 | 2:48 pm
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Morgan Stanley has maintained an Underweight rating on FYBR and lowered the price target from $18 to $16.
The lowered price target and Underweight rating by Morgan Stanley indicates a bearish outlook for FYBR. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100