Uniti Group upgraded to Strong Buy from Outperform at Raymond James

Raymond James analyst Frank Louthan upgraded Uniti Group (UNIT) to Strong Buy from Outperform with a price target of $8, up from $6. The firm believes Uniti will begin to be viewed as the next fiber-to-the-home “diamond in the rough” as the merger with Windstream reaches a close in mid-2025. The long-term value of Uniti’s fiber-to-the-home and its commercial fiber and leasing business, as well as the merger should create value for shareholders “willing to look through the noise,” the analyst tells investors in a research note.