TD Cowen analyst Gregory Williams lowered the firm’s price target on Lumen (LUMN) to $6 from $7 and keeps a Hold rating on the shares. The firm said they reported sizable downside EBITDA on heavy transformational spending mixed segment results upside fiber adds but most importantly highlighted new PCF fiber wins of $3B to raise FCF guidance.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on LUMN:
- Lumen Technologies Reports Q3 2024 Financial Results
- Lumen says four new customer stories come from $8.5B in total
- Lumen sees FY24 EBITDA at ‘low end’ of range
- ai-support" target="_blank" style="color:blue" rel="nofollow noopener">Lumen Technologies Shows Growth Amid AI Support
- Lumen reports Q3 adjusted EPS (13c), consensus (9c)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
