Fly News Breaks for February 20, 2020
Feb 20, 2020 | 06:18 EDT
BofA analyst David Barden downgraded CenturyLink to Underperform from Neutral with a price target of $12, down from $14. The analyst notes that with the exception of encouraging positive momentum in the company's Enterprise and IGAM segments, its business remains structurally challenged, and he expects the stock to trade range-bound with a downward bias. Barden adds that the completion of CenturyLink's strategic review, the opportunity for a "upside squeeze" may have dissipated.
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