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WIN

Windstream

$2.01

-0.03 (-1.47%)

14:59
09/19/17
09/19
14:59
09/19/17
14:59

S&P downgrades Windstream to 'B' with negative outlook

S&P Global Ratings earlier announced that it lowered its corporate credit rating on Windstream Holdings to 'B' from 'B+' with a negative outlook. "The negative outlook reflects continued uncertainty around future performance stemming from competitive pressures in the consumer and SMB segment, slower sales conversion in the enterprise business, and low visibility into the impact of cost-cutting initiatives. Moreover, avenues to address the company's outer-year maturities could be constrained, absent a material improvement in operating performance," S&P stated.

WIN Windstream
$2.01

-0.03 (-1.47%)

08/16/17
WELS
08/16/17
NO CHANGE
WELS
Uniti Group risk/reward ratio attractive, says Wells Fargo
Wells Fargo believes that fears that Uniti Group (UNIT) will have to renegotiate its lease deal with Windstream (WIN) are overdone. The firm does not see this as a risk in the near-term, and it consequently believes that the risk/reward ratio of Uniti Group "is attractive at current levels." Wells keeps an Outperform rating on Uniti and a Market Perform rating on Windstream.
08/14/17
JPMS
08/14/17
NO CHANGE
Target $31
JPMS
Overweight
Uniti Group selloff since Q2 results overdone, says JPMorgan
JPMorgan analyst Philip Cusick views the 21% selloff in Uniti Group (UNIT) shares since the company's Q2 results on August 3 as overdone. He attributes the weakness to fears around Windstream's (WIN) dividend cut and notes Windstream shares are down 45% in the same period. The analyst looks at Uniti's lease with Windstream as "essentially secured debt" and sees no reason that Uniti would reduce or renegotiate its lease with Windstream in or out of bankruptcy. He estimates Uniti shares are now pricing in a 22%-28% lease reduction and subsequent 35%-44% dividend cut. Cusick, however, views Windstream's dividend cut as a positive for Uniti as it "strengthens the durability of the Windstream lease payment." He reiterates an Overweight rating on the shares with a $31 price target.
08/04/17
BOFA
08/04/17
DOWNGRADE
Target $2.5
BOFA
Underperform
Windstream downgraded to Underperform from Buy at BofA/Merrill
BofA/Merrill analyst David Barden downgraded Windstream two notches to Underperform from Buy and cut its price target to $2.50 from $8 following the company's surprising move to eliminate its 15c quarterly dividend. Barden believes investors were attracted by the yield and said the valuation premise of the company has materially changed, and its current declining business warrants a discount to peers.
08/04/17
DBAB
08/04/17
NO CHANGE
Target $30
DBAB
Buy
Uniti selloff yesterday a buying opportunity, says Deutsche Bank
Deutsche Bank analyst Matthew Niknam believes yesterday's pullback in shares of Uniti Group (UNIT) following Windstream's (WIN) dividend cut provides an attractive entry point. The analyst believes Uniti represents a "unique and defensive way" to invest in the Wireline space. He recommends buying the name at current levels and keeps a Buy rating on the shares with a $30 price target.

TODAY'S FREE FLY STORIES

CHRS

Coherus Biosciences

$15.25

-0.2 (-1.29%)

16:19
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Syndicate
Coherus Biosciences files to sell $75M in common stock »

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LW

Lamb Weston

$66.72

-0.08 (-0.12%)

16:18
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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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Technical Analysis
NASDAQ market internals summary »

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CW

Curtiss-Wright

$134.02

1.97 (1.49%)

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VNCE

Vince Holding

$8.89

0.09 (1.02%)

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$NYE

NYSE Market Internals

$0.00

(0.00%)

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OLED

Universal Display

$96.50

2.4 (2.55%)

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WEB

Web.com

$18.90

-0.15 (-0.79%)

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Web.com appoints Jennifer Lada SVP and CFO »

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MU

Micron

$55.46

2.085 (3.91%)

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KMB

Kimberly-Clark

$104.72

1.1 (1.06%)

, JNJ

Johnson & Johnson

$123.68

-0.59 (-0.47%)

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KMB

Kimberly-Clark

$104.72

1.1 (1.06%)

JNJ

Johnson & Johnson

$123.68

-0.59 (-0.47%)

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  • 21

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MLNT

Melinta Therapeutics

$7.30

-0.2 (-2.67%)

16:12
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16:12
Syndicate
Melinta Therapeutics files to sell $75M in common stock »

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GE

General Electric

$15.26

0.275 (1.84%)

, WAB

Wabtec

$98.50

3.27 (3.43%)

16:11
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General news
On The Fly: Top stock stories for Monday »

Stocks opened sharply…

GE

General Electric

$15.26

0.275 (1.84%)

WAB

Wabtec

$98.50

3.27 (3.43%)

LHO

LaSalle Hotel

$33.62

1.71 (5.36%)

BX

Blackstone

$31.76

0.47 (1.50%)

PEB

Pebblebrook Hotel

$39.70

0.73 (1.87%)

WWE

WWE

$57.85

6.36 (12.35%)

FOX

21st Century Fox

$37.44

0.17 (0.46%)

FOXA

21st Century Fox

$37.91

0.24 (0.64%)

TSLA

Tesla

$284.13

7.29 (2.63%)

PLAY

Dave & Buster's

$40.45

2.42 (6.36%)

ENR

Energizer

$59.90

3.38 (5.98%)

BIDU

Baidu

$240.55

-12.4 (-4.90%)

QD

Qudian

$9.58

-1.9 (-16.55%)

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    Sep

SGMS

Scientific Games

$62.20

1.9 (3.15%)

16:10
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  • 29

    May

YELP

Yelp

$46.54

0.1 (0.22%)

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Breaking Hot Stocks news story on Yelp »

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  • 22

    May

LBY

Libbey

$6.84

-0.27 (-3.80%)

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Libbey suspends quarterly cash dividend »

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ADBE

Adobe

$237.95

-0.09 (-0.04%)

16:08
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Adobe to hold a conference call »

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VSTM

Verastem

$5.16

0.14 (2.79%)

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  • 05

    Oct

PSTG

Pure Storage

$23.59

-0.075 (-0.32%)

16:08
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Earnings
Pure Storage sees FY19 revenue $1.32B-$1.37B, consensus $1.35B »

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PSTG

Pure Storage

$23.64

-0.025 (-0.11%)

16:06
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Earnings
Pure Storage sees Q2 revenue $296M-$304M, consensus $298.89M »

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  • 21

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ADBE

Adobe

$237.92

-0.12 (-0.05%)

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ADBE

Adobe

$237.92

-0.12 (-0.05%)

16:06
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PSTG

Pure Storage

$23.65

-0.015 (-0.06%)

16:05
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Earnings
Pure Storage reports Q1 adjusted EPS (7c), consensus (12c) »

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    Jul

FGEN

FibroGen

$52.45

1.35 (2.64%)

16:04
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AQ

Aquantia

$11.54

-0.01 (-0.09%)

16:04
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Breaking Hot Stocks news story on Aquantia »

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CEVA

Ceva

$33.70

-0.1 (-0.30%)

16:04
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Ceva expands share repurchase authorization »

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  • 03

    Jun

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