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Fly News Breaks for February 15, 2018
CTL
Feb 15, 2018 | 09:08 EDT
Morgan Stanley analyst Simon Flannery called CenturyLink's Q4 results and 2018 guidance "messy," but he also believes they provide enough fuel to de-risk the stock in the near-term and drive a relief rally. Management reiterated confidence in the dividend payout, noted prospects for significant margin expansion and expects steady deleveraging helped by recent tax reform, noted Flannery, who has an Overweight rating and $21.60 price target on CenturyLink shares.
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