JPMorgan upgraded CommScope (COMM) to Neutral from Underweight with a $5 price target The company’s strategic debt refinancing “allows breathing room,” the analyst tells investors in a research note. The firm says CommScope recently announced a “comprehensive” debt refinancing plan which extends debt maturities and gives the company “ample time and runways” with improving fundamentals providing visibility into EBITDA growth which offers the opportunity for improved equity valuation.
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