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Fly News Breaks for February 20, 2019
CTL
Feb 20, 2019 | 08:48 EDT
As previously reported, RBC Capital analyst Jonathan Atkin downgraded CenturyLink to Sector Perform and lowered his price target to $15 from $24. The analyst cites the company's "mixed" Q4 results, a lack of near-term catalysts, and his view of the stock trading at a fair valuation. Atkin adds that CenturyLink's decision to cut its dividend and prioritize deleveraging has lessened its investment appeal.
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