Frontdoor, Inc. (FTDR) Tops Q1 EPS by 20c; Offers Guidance

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Go back to Frontdoor, Inc. (FTDR) Tops Q1 EPS by 20c; Offers Guidance

JPMorgan Upgrades Frontdoor Inc. (FTDR) to Overweight 'on Improving Core Biz Execution + Frontdoor Brand Optionality'

May 4, 2023 2:22 PM EDT

JPMorgan analyst Cory Carpenter upgraded Frontdoor Inc. (NASDAQ: FTDR) from Neutral to Overweight with a price target of $38.00 (from $30.00).

The analyst comments "Frontdoor reported a 1Q beat across revenue/Adj. EBITDA, guided 2Q ahead of the Street, and reiterated its 2023 outlook. We have been cautious on FTDR shares since our downgrade in 2021, when at the time home service plans faced headwinds from claims inflation and a challenging real estate market, and FTDRs new... More