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WIN

Windstream

$3.37

0.2 (6.31%)

, UNIT

Uniti Group

$20.00

0.53 (2.72%)

18:18
02/15/19
02/15
18:18
02/15/19
18:18

Court says Windstream defaulted on bonds in 2015, Bloomberg says

A court has ruled that Windstream Holdings (WIN) defaulted on its bonds in 2015 by spinning off Uniti Group (UNIT), Bloomberg's Allison McNeely and Tiffany Kary report. The ruling in Manhattan federal court is a victory for Aurelius Capital, which argues taht the deal unfairly took assets away from bondholers that back up their investment, the reporters say. Windstream has warned that a loss could force it into bankruptcy, McNeely and Kary note. Reference Link

WIN

Windstream

$3.37

0.2 (6.31%)

UNIT

Uniti Group

$20.00

0.53 (2.72%)

  • 25

    Feb

  • 28

    Feb

WIN Windstream
$3.37

0.2 (6.31%)

01/08/19
WELS
01/08/19
DOWNGRADE
Target $17
WELS
Market Perform
Uniti Group downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst Jennifer Fritzsche downgraded Uniti Group (UNIT) to Market Perform and lowered her price target for the shares to $17 from $23. The analyst is using the stock's 20% rally since December 26, 2018, to move to the sidelines. Fritzsche continues to favor Uniti's 13% dividend yield, however she has concerns over the company's leverage and its need for more investment in fiber. She also struggles to see how the company can fully diversify away from its reliance on Windstream (WIN).
08/10/18
COWN
08/10/18
NO CHANGE
Target $8
COWN
Outperform
Windstream price target lowered to $8 from $15 at Cowen
Cowen analyst Gregory Williams lowered his price target on Windstream to $8 from $15 following inline Q2 results. The analyst did note solid adjusted EBITDA with a strong operating performance across the board in addition to long awaited broadband additions. Williams said he sees another upcoming catalyst in a favorable court ruling and maintained his Outperform rating on Windstream shares.
07/18/18
07/18/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Twitter (TWTR) downgraded to Neutral from Outperform at Macquarie with analyst Benjamin Schachter citing concerns about MAU trends, what he views as a limited set of near-term catalysts and a valuation he believes will likely limit upside from current levels. 2. Clorox (CLX) downgraded to Sell from Neutral at Goldman Sachs with analyst Jason English citing a combination of a lower volume forecast, lower gross margin expectation and renewed currency headwinds. 3. Autoliv (ALV) and Visteon (VC) were downgraded to Market Perform from Outperform at Wells Fargo. 4. Broadcom (AVGO) downgraded to Neutral from Buy at Goldman Sachs with analyst Toshiya Hari saying he sees increased uncertainty surrounding the company's "strategic focus going forward" following its acquisition of CA Technologies (CA). 5. Windstream (WIN) and Uniti Group (UNIT) were downgraded to Sell from Neutral at Citi. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/18/18
SBSH
07/18/18
DOWNGRADE
Target $15
SBSH
Sell
Uniti Group downgraded to Sell from Neutral at Citi
Citi analyst Michael Rollins downgraded Uniti Group (UNIT) to Sell and cut his price target for the shares to $15 from $15. Windstream's (WIN) operating and financial performance "pose substantial risk" to the equities of both Windstream and Uniti Group, Rollins tells investors in a research note. The analyst believes Uniti shares are "likely to incorporate a greater amount of risk regarding the long-term durability of Windstream's lease payments." Rollins this morning also downgraded Windstream to Sell with a $1 price target.
UNIT Uniti Group
$20.00

0.53 (2.72%)

12/12/18
MSCO
12/12/18
DOWNGRADE
Target $16
MSCO
Underweight
Uniti Group downgraded to Underweight from Equal Weight at Morgan Stanley
Morgan Stanley analyst Simon Flannery downgraded Uniti Group to Underweight from Equal Weight, stating that he doesn't have an issue with Uniti's strategy, but does have concerns about its capital structure and elevated cost of capital. Uniti's fiber and tower businesses are capital-intensive and the analyst thinks the company could cut its dividend to conserve cash and reduce leverage, rather than issue equity at current prices to pursue M&A. He lowered his price target on Uniti Group shares to $16 from $24, citing expectations that valuation could compress as the market becomes more cautious on Uniti's dividend and Windstream's EBITDAR.

TODAY'S FREE FLY STORIES

CAL

Caleres

$25.72

-0.11 (-0.43%)

15:34
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    Mar

CURLF

Curaleaf Holdings

$0.00

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CVS Health

$57.28

1.11 (1.98%)

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$0.00

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CVS

CVS Health

$57.28

1.11 (1.98%)

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  • 25

    Mar

LYG

Lloyds Banking

$3.27

-0.115 (-3.40%)

15:27
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Puts lead calls 140:1 in Lloyds Banking as shares underperform sector »

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IVZ

Invesco

$19.88

0.16 (0.81%)

15:21
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Conference/Events
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  • 21

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BV

BrightView

$15.34

-0.23 (-1.48%)

15:20
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  • 26

    Mar

XHB

SPDR Homebuilders

$38.38

0.82 (2.18%)

15:20
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Aggressive call buying in SPDR Homebuilders Fund as the sector sees strength »

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15:20
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DLAKY

Lufthansa

$0.00

(0.00%)

15:19
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15:19
Conference/Events
Lufthansa management to meet with Morgan Stanley »

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  • 28

    Mar

JEF

Jefferies Financial Group

$19.35

0.04 (0.21%)

15:19
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15:19
Options
Jefferies Financial Group options imply 4.0% move in share price post-earnings, below median historical move »

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  • 28

    Mar

NEXA

Nexa Resources

$12.46

-0.22 (-1.74%)

15:17
03/21/19
03/21
15:17
03/21/19
15:17
Conference/Events
Nexa Resources management to meet with Morgan Stanley »

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  • 27

    Mar

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

15:17
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03/21
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Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

15:16
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Technical Analysis
NYSE market internals summary »

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15:15
03/21/19
03/21
15:15
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SPY

SPDR S&P 500 ETF Trust

$284.73

3.29 (1.17%)

, SPX

S&P 500

$0.00

(0.00%)

15:14
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Periodicals
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SPY

SPDR S&P 500 ETF Trust

$284.73

3.29 (1.17%)

SPX

S&P 500

$0.00

(0.00%)

QQQ

Invesco QQQ Trust

$182.53

2.79 (1.55%)

03/08/13
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TRI

Thomson Reuters

$57.40

0.64 (1.13%)

15:12
03/21/19
03/21
15:12
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15:12
Conference/Events
Thomson Reuters management to meet with Morgan Stanley »

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  • 27

    Mar

15:10
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General news
Treasury Closing Summary: »

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USB

U.S. Bancorp

$49.78

-0.59 (-1.17%)

, WFC

Wells Fargo

$49.91

-0.48 (-0.95%)

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U.S. Bancorp

$49.78

-0.59 (-1.17%)

WFC

Wells Fargo

$49.91

-0.48 (-0.95%)

MS

Morgan Stanley

$43.45

0.425 (0.99%)

JPM

JPMorgan

$102.96

-1.58 (-1.51%)

C

Citi

$64.24

-0.05 (-0.08%)

GS

Goldman Sachs

$195.08

0.81 (0.42%)

BAC

Bank of America

$28.33

-0.3 (-1.05%)

03/08/13
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  • 26

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    Apr

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  • 23

    Apr

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    Apr

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    May

  • 13

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    Jul

  • 12

    Oct

ZUO

Zuora

$24.08

0.36 (1.52%)

15:04
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Options
Zuora options imply 16.5% move in share price post-earnings, below median historical move »

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  • 21

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SMG

Scotts Miracle-Gro

$79.39

2.27 (2.94%)

15:02
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Scotts Miracle-Gro extends partnership with Major League Baseball »

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  • 21

    Mar

BA

Boeing

$374.14

-2.27 (-0.60%)

15:00
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Periodicals
Boeing to slow work on 737 planes for 3 days next week, Bloomberg reports »

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  • 21

    Mar

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    May

DRI

Darden

$116.09

7.47 (6.88%)

, BLMN

Bloomin' Brands

$19.73

0.37 (1.91%)

14:54
03/21/19
03/21
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14:54
Upgrade
Darden, Bloomin' Brands rating change at Gordon Haskett »

Darden upgraded to Hold…

DRI

Darden

$116.09

7.47 (6.88%)

BLMN

Bloomin' Brands

$19.73

0.37 (1.91%)

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  • 21

    Mar

NSA

National Storage

$28.29

0.5 (1.80%)

14:54
03/21/19
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14:54
Conference/Events
National Storage management to meet with Morgan Stanley »

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  • 25

    Mar

AZO

AutoZone

$999.06

17.86 (1.82%)

14:51
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Conference/Events
AutoZone management to meet with Morgan Stanley »

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  • 25

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XLK

Technology Select Sector SPDR

$75.09

1.85 (2.53%)

14:50
03/21/19
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Options
Timely call buy in SPDR Technology Fund »

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