Goldman Sachs Starts Frontier Communications (FYBR) at Buy

Goldman Sachs analyst James Schneider initiates coverage on Frontier Communications (NASDAQ: FYBR) with a Buy rating and a price target of $29.00.

The analyst comments "Frontier is our top relative pick among wireline peers as we think the company is positioned to successfully execute its pivot to being a fiber broadband provider from its legacy heritage. We see the stock sustaining relative outperformance among a group of wireline peers where we believe fundamentals will be challenged as a result of competitive dynamics over the next two years."

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 $26.18 yesterday.

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