Barclays analyst Brendan Lynch reinstated coverage of Uniti Group (UNIT) with an Equal Weight rating and $6 price target The firm says the combination of Uniti and Windstream created a portfolio with strong growth and cross-sell opportunities. However, several “challenged” revenue lines continue to contract, the analyst tells investors in a research note. Barclays believes the company’s ongoing portfolio rationalization will likely create earnings volatility.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UNIT: