Benchmark analyst Matthew Harrigan has reiterated a Buy rating for Frontier Communications Parent, Inc (NASDAQ:FYBR) with a $35 price target. This follows Jana Partners' accumulation of a new position in the company and suggestion for Frontier to sell itself. Harrigan believes this highlights FYBR's chronic undervaluation. He also mentioned the potential for further copper conversions with government subsidy benefits that could provide up to $15 potential upside not included in the price target. However, he admits this is unlikely to be realized until later in the decade. Frontier is the largest pure-play fiber provider in the U.S. and is expected to generate over $3.0 billion in 2023 fiber top line, increasing 12%+ annually to more than $5.4 billion in 2028.