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Fly News Breaks for October 28, 2016
LVLT, CTL
Oct 28, 2016 | 06:10 EDT
Raymond James analyst Frank Louthan downgraded CenturyLink (CTL) to Market Perform on valuation following news reports of a merger with Level 3 (LVLT) drove shares up 10%. The analyst believes a deal would be accretive, and a positive, but said risk/reward no longer warrants an Outperform rating.
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