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Fly News Breaks for May 16, 2018
CTL
May 16, 2018 | 06:57 EDT
As previously reported, Macquarie downgraded CenturyLink to Underperform from Neutral with a $17.50 price target. Analyst Amy Young has increased concerns regarding secular headwinds impacting low bandwidth services, ethernet, and consumer broadband, and believes catalysts from new management, tax reform, and synergies are reflected in valuation.
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