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Fly News Breaks for July 11, 2018
USM
Jul 11, 2018 | 06:49 EDT
JPMorgan analyst Philip Cusick downgraded U.S. Cellular to Underweight and lowered his price target for the shares to $40 from $42. The analyst questions the company's strategic value "in a world that will be increasingly focused on 5G services over time." He believes U.S. Cellular could have "substantial value" in a sale but feels the controlling family has no interest in selling. Cusick is using the stock's recent rally to downgrade the name to Underweight.
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