Frontdoor price target raised to $44 from $34 at Oppenheimer

Oppenheimer analyst Ian Zaffino raised the firm’s price target on Frontdoor to $44 from $34 and keeps an Outperform rating on the shares. Frontdoor’s Q2 EBITDA of $121M beat the Street’s estimates, driven by pricing and lower contract claims costs, while revenues also beat estimates, the analyst tells investors in a research note.