Goldman Sachs analyst Brett Feldman reinstated coverage of Lumen with a Neutral rating and $6 price target, representing 15% upside potential. The company is better positioned to execute its business plan following its recent "transformational steps," Feldman tells investors in a research note. However, Lumen continues to face both secular and cyclical headwinds that will pressure both revenue and EBITDA trends for at least the next few years, says the analyst.
Published first on TheFly
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