In a report published Wednesday, Jefferies analyst Thomas Seitz reiterated a Hold rating on Windstream Corporation WIN, but lowered the price target from $9.00 to $8.00.
In the report, Jefferies noted, “WIN reported mixed 2Q13 results. Adj. OIBDA, capex, & voice net loss were modestly better than estimates, while revenue & HSI adds were below expectations. WIN lowered FY13 revenue guidance from (2)% - 1% to (3)% to (1)% mainly due to softer biz sales environment. In our view, WIN will continue to struggle in the short to medium term to stabilize revenues given sub par economic growth and rising cable competition.”
Windstream Corporation closed on Tuesday at $7.99.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in