Frontdoor Continues Its Offensive Ascent, Reiterate Buy

andresr Introduction In continuation with our coverage of Frontdoor (NASDAQ:FTDR), we had ascribed a 'Strong Buy' rating on the back of its strong brand resonance, customer stickiness driving up its retention numbers and relative undervaluation. With the stock achieving its target price since the publication, we would revisit the thesis following its recent results. Investment Thesis FTDR has been the leader in home service plan business, well positioned to deliver sustained growth leveraging its significan ...