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Fly News Breaks for September 19, 2017
UNIT, WIN
Sep 19, 2017 | 15:02 EDT
Raymond James analyst Frank Louthan attributes the weakness today in shares of Windstream (WIN) and Uniti Group (UNIT) to Standard & Poor's lowering its ratings on both companies to B from B+. The rating agency's analysis is "very weak" and seems a reaction to recent market moves rather than new information, Louthan tells investors in an intraday research note. The review does not take into account the recent "highly" free cash flow accretive acquisitions or the dividend cut, the analyst adds. He calls the selloff in the stocks "unfounded."
News For WIN;UNIT From the Last 2 Days
