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Macquarie Sees 41% Upside in Frontier Communications (FTR)

June 3, 2015 10:52 AM EDT

Macquarie analyst Kevin Smithen adjusted his price target on Frontier Communications (NASDAQ: FTR) to $6.75 (from $7.75) but maintained an Outperform rating with the new price target suggesting 41% upside.

Smithen commented, "While we believe many existing FTR investors are disappointed by the timing and... More