Market Overview

UPDATE: Stifel Nicolaus Upgrades Windstream Communications to Buy; Sell-Off Overdone

Share:
Related WIN
Earnings Scheduled For February 24, 2015
Morgan Stanley's Windstream Preview: 'The REIT Path Forward?'
Telecom Stock Roundup: DIRECTV, Cablevision, Comcast Tops Q4 - Analyst Blog (Zacks)

Stifel Nicolaus raises its rating on Windstream Corporation (NASDAQ: WIN) from Hold to Buy and establishes a price target of $11.

Stifel Nicolaus notes, "We are upgrading our rating on the shares of Windstream, following a more than 16% correction in the shares over the course of the past four trading days (versus a 1.8% decline in the S&P 500), following the company's 1Q12 earnings report. The bulk of investors' consternation appears to come from an issue related to the company's PAETEC asset in the quarter, by which the company, which had been experiencing some carrier billing disputes related to certain wholesale products, made the decision to modify and suspend the sale of these products."

WIN closed at $9.41 on Tuesday.

Latest Ratings for WIN

DateFirmActionFromTo
Dec 2014BernsteinDowngradesOutperformMarket Perform
Nov 2014DA DavidsonReiteratesNeutral
Nov 2014JP MorganMaintainsNeutral

View More Analyst Ratings for WIN
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Upgrades Price Target Pre-Market Outlook Analyst Ratings

 

Related Articles (WIN)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→