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Fly News Breaks for May 7, 2015
FTR
May 7, 2015 | 07:39 EDT
Macquarie upgraded Frontier Communications (FTR) to Outperform based on returns from the Verizon (VZ) asset deal. The firm said shares are now at a level in which investors can generate a 14.1% annualized return over the next three years and believes the company will have no problem prefunding the transaction. Price target lowered to $7.75 from $8.
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