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.
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Published first on TheFly
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