Truist Securities Upgrades Frontdoor to Buy, Raises Price Target to $42
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Youssef Squali has upgraded Frontdoor (NASDAQ:FTDR) from Hold to Buy and raised the price target from $40 to $42.
October 06, 2023 | 11:15 am
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Frontdoor's stock has been upgraded from Hold to Buy by Truist Securities, with a raised price target from $40 to $42.
The upgrade from Hold to Buy indicates that the analyst believes the stock will outperform the market or its sector in the short term. The raised price target suggests that the analyst sees potential for the stock's price to increase. This could lead to increased investor interest and potentially a short-term increase in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100