Citigroup Upgrades Frontier Communications to Buy, Raises Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Michael Rollins upgraded Frontier Communications (NASDAQ:FYBR) from Neutral to Buy and increased the price target from $28 to $30.
April 15, 2024 | 2:47 pm
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Frontier Communications upgraded by Citigroup from Neutral to Buy with a price target increase from $28 to $30.
Upgrades by major financial institutions like Citigroup generally lead to positive short-term price movements. The increase in the price target from $28 to $30 reflects a bullish outlook on the stock, likely influencing investor sentiment and potentially driving up the stock price in the short term.
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