Raymond James added Frontier Communications to the firm’s Analyst Current Favorites list. The firm believes the risk of lead lines in telecom networks has created multiple buying opportunities, with Frontier being most negatively impacted. Frontier represents the best way to play the “snap-back trade on these names as the reality of the situation becomes better understood by investors,” Raymond James tells investors in a research note. It believes the lead impact to any potential financing is more than reflected in the stock and that the shares can begin to rebound even if a securitization deal takes longer to get done.
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