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Fly News Breaks for May 15, 2017
CTL
May 15, 2017 | 07:45 EDT
Raymond James analyst Frank Louthan downgraded Level 3 (LVLT) and CenturyLink (CTL) to Underperform saying both companies are experiencing negative trends ahead of their combination which are unlikely to improve over the next few quarters. Louthan also expects additional sales disruption from the integration that will limit material stock price appreciation.
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