JPMorgan analyst Samik Chatterjee downgraded CommScope to Underweight from Neutral without a price target. The company’s “tough start” to 2024 and limited catalysts sets it up for a significant decline in revenue and EBITDA year-over-year this year, including potentially marking a record for the lowest EBITDA since acquisition of Arris, the analyst tells investors in a research note. The firm says CommScope shares rank as one of the least preferred among its coverage universe at this time.
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