Frontier Communications price target raised to $37 from $35 at Benchmark

Benchmark raised the firm’s price target on Frontier Communications to $37 from $35 and keeps a Buy rating on the shares. Frontier “remains the decided U.S. broadband speed leader” with its announcement that it has launched 7 Gig service across its entire footprint and while this is “admittedly a super-premium service,” the firm sees “ample demand for a superior fiber product,” the analyst tells investors.