TD Cowen Downgrades Frontier Communications to Hold, Lowers Price Target to $38.5
Portfolio Pulse from Benzinga Newsdesk
TD Cowen has downgraded Frontier Communications from Buy to Hold and slightly lowered its price target from $39 to $38.5.
October 08, 2024 | 9:39 am
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TD Cowen has downgraded Frontier Communications from Buy to Hold, with a slight reduction in the price target from $39 to $38.5. This indicates a more cautious outlook on the stock.
The downgrade from Buy to Hold suggests that the analyst sees limited upside potential in the near term. The slight reduction in the price target further supports a cautious stance, likely leading to a negative short-term impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100