Rosenblatt analyst Ryan Koontz downgraded CommScope to Neutral from Buy with a price target of $13, down from $16 citing the deteriorating spending environment in cable and wireline telco service providers. The analyst said CommScope is exposed to share loss in cable operators due to the transition to distributed access architecture and even worse than expected Q3 spending patterns. Koontz expects Q3 results to be at the low end of guidance, but notes a potential budget flushes at cable providers could boost Q4 margins and earnings, but revenues will likely miss previous guidance.