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Fly News Breaks for February 19, 2019
WIN, CNSL
Feb 19, 2019 | 08:27 EDT
Raymond James analyst Frank Louthan downgraded Consolidated Communications (CNSL) to Outperform from Strong Buy and cut its price target to $12 from $17 saying the negative Windstream (WIN) ruling will have a negative impact from a trading perspective. Louthan said rural ILECs tend to trade as a group and are overly correlated with each other regardless of their results.
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