UPDATE: Nomura Lowers PT on Frontier Communications Following Solid 2Q13 Results
August 23, 2013 at 09:21 AM EDT
In a report published Friday, Nomura analyst Adam Ilkowitz reiterated a Buy rating on Frontier Communications Corp. (NASDAQ: FTR ), but lowered the price target from $5.50 to $5.00. In the report, Nomura noted, “Frontier's 2Q13 results were highlighted by better customer results, particularly Broadband net additions. Revenue and Adj.
