UPDATE - UBS Upgrades Frontier Communications (FTR) to Buy; Attractive Yield

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UPDATE - UBS upgrades Frontier Communications (NYSE: FTR) from Neutral to Buy. PT upped from $7.50 to $9.50.

UBS analyst says, "We believe the company’s execution, as it integrates lines acquired from VZ, will provide a catalyst for the stock. We believe the initial phase of systems integration went well and look for upside to management’s $500M synergy target. We expect management to provide a timeline for synergies in November that exceeds expectations."

To see all the upgrades/downgrades on shares of FTR, visit our Analyst Ratings page.

The 52-wk trading range is $6.96 - 8.70 and shares are currently at $8.79, up $0.17 (+1.97%)

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