Frontdoor price target raised to $40 from $35 at Truist

Truist analyst Youssef Squali raised the firm’s price target on Frontdoor to $40 from $35 but keeps a Hold rating on the shares. The analyst cites the company’s Q2 earnings beat as the topline benefited from a 9% increase in pricing and gross margins were driven by higher realized prices but also sees the stock as fairly valued at current price.