Citigroup Maintains Buy on Frontier Communications, Raises Price Target to $32
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Michael Rollins has maintained a Buy rating on Frontier Communications (NASDAQ:FYBR) and increased the price target from $30 to $32.
May 07, 2024 | 5:14 pm
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Citigroup has reaffirmed its Buy rating on Frontier Communications and raised its price target from $30 to $32.
The upgrade in the price target by a reputable analyst like Michael Rollins from Citigroup suggests a positive outlook on Frontier Communications' stock. This kind of endorsement typically leads to increased investor confidence and can drive the stock price up in the short term.
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