Frontier Communications price target raised to $41 from $40 at Cowen

Cowen analyst Gregory Williams raised the firm’s price target on Frontier Communications to $41 from $40 and keeps an Outperform rating on the shares. The analyst said we believe sell-off provides a unique buying opportunity as its cut was well messaged, the company was ahead of build plan with no change to the LT plan, commentary suggests no fundamental erosion to their business case or capital raise, and no change to general FCF outlook.