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.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100