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Fly News Breaks for February 21, 2020
COMM
Feb 21, 2020 | 07:19 EDT
Credit Suisse analyst Sami Bradi reiterated an Outperform rating and $21 price target on CommScope (COMM) after the company reported Q4 earnings results that beat on both EPS and revenue, although the analyst noted that management's guidance for Q1 and FY20 was "soft" and implied continued pressure across segments. Bradi added that CommScope is still on track with its plans for debt repayment, and sees debt payments of $450M in FY20 and $500M in FY21.
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