BofA/Merrill Lynch Upgrades Frontier Communications (FTR) to Buy

BofA/Merrill Lynch upgraded Frontier Communications (NASDAQ: FTR) from Neutral to Buy with a price target of $7.50 (from $10.00), calling it a self-help story for 2015.

Analyst David Barden sees upside to post-Connecticut dealy synergy estimates, new CAF broadband regulatory support and broadband market share reducing risk and lending to a lower yield and improved valuation.

For an analyst ratings summary and ratings history on Frontier Communications click here. For more ratings news on Frontier Communications click here.

Shares of Frontier Communications closed at $6.49 yesterday.

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