Morgan Stanley Equal-weight On Cincinnati Bell (CBB)

Morgan Stanley Equal-weight On Cincinnati Bell (CBB) Morgan Stanley has an Equal weight rating on shares of Cincinnati Bell Inc. CBB. In a note to investors, Morgan Stanley writes, "CBB's ambitious goal to become the preferred global colocation provider for the Fortune 1000 will require ongoing capital commitments, probably implying breakeven FCF for some years to come. While capex may be discretionary, going forward we do not see situations that would prompt aggressive share buybacks. Even at today's stock levels, which management considers extremely attractive, the preference is to reinvest in data center colocation. While the strategy may play out in the long-run, in the short term it will likely continue to lead to shareholder rotation and consequently leave the stock range-bound." Shares of CBB lost 6 cents yesterday to close at $2.60.