Goldman Sachs Initiates Coverage On Frontier Communications with Buy Rating, Announces Price Target of $29
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs has initiated coverage on Frontier Communications (NASDAQ:FYBR) with a Buy rating and set a price target of $29.
July 01, 2024 | 9:28 am
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Goldman Sachs has initiated coverage on Frontier Communications with a Buy rating and set a price target of $29.
The initiation of coverage by a major financial institution like Goldman Sachs with a Buy rating and a specific price target is likely to positively impact the stock price of Frontier Communications in the short term. This is because such coverage often leads to increased investor confidence and buying activity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100