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Fly News Breaks for October 28, 2016
CTL, LVLT
Oct 28, 2016 | 07:31 EDT
As previously reported, Oppenheimer analyst Timothy Horan upgraded Level 3 (LVLT) to Outperform from Perform, saying the company has restructured itself in the last few years and now has operational/financial flexibility on free cash flow, with the analyst seeing accelerating growth in 2017. Further, Horan views a possible merger with CenturyLink (CTL) as a powerful combination. The analyst has a $60 price target on Level 3's shares.
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