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Fly News Breaks for July 31, 2015
CTL
Jul 31, 2015 | 06:01 EDT
Jefferies analyst Mike McCormack upgraded CenturyLink to Hold saying further downside is limited following the 30% year-to-date pullback in shares. He remains negative on the company's fundamentals, however, and believes guidance may be lowered on earnings. McCormack cut his price target for shares to $26 from $30.
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