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Fly News Breaks for December 11, 2019
CTL
Dec 11, 2019 | 06:59 EDT
Evercore ISI analyst James Ratcliffe initiated coverage of CenturyLink with an Underperform rating and $14 price target citing concerns about the company's revenue trajectory. The analyst believes shares will remain range bound unless the company can show evidence of topline stability in a challenging market and is skeptical about the prospects for a sale or separation of the legacy consumer business.
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