BofA initiated coverage of Frontier Communications with a Buy rating and $30 price target, implying 26% upside potential. The analyst says the company “has meaningful potential to outperform.” Frontier is delivering positive EBITDA growth and exploring value-accretive opportunities, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FYBR:
- Frontier Communications receives $24.7M in grant funding by Connect Illinois
- Frontier Communications participates in a conference call with JPMorgan
- Frontier Communications price target raised to $41 from $39 at TD Cowen
- Frontier Communications sees FY24 adjusted EBITDA $2.2B-$2.25B
- Frontier Communications reports Q4 EPS 7c, consensus (12c)
