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Fly News Breaks for November 26, 2018
ARRS, COMM
Nov 26, 2018 | 07:30 EDT
Jefferies analyst George Notter upgraded CommScope (COMM) to Buy from Hold while lowering his price target for the shares to $28.50 from $30.50. The shares reflect a "too-bearish scenario" for the combined CommScope/Arris (ARRS) company, Notter tells investors in a research note. He highlights "near-trough" valuations, "terrible" investor sentiment, and a pending de-leveraging story as core to his thesis. The analyst believes CommScope's risk/reward is now attractive.
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