UPDATE: BMO Capital Downgrades CenturyLink, Inc. to Market Perform, Raises PT to $33.00

On Monday, BMO Capital downgraded CentryLink CTL from Outperform to Market Perform and raised the price target from $32 to $33. Analyst Kevin Manning is concerned about CenturyLink Technology Solutions (CLTS) data hosting business “as CLTS's target customer is shifting from high-touch large enterprise to more regional and SMB CTL enterprise customers.” Manning's channel checks indicate “some top Savvis sellers have left as a result of the Savvis salesforce being integrated into the CTL Salesforce.” Revenue growth in high speed internet and Prism TV could be negatively affected by data hosting capex and acquisition spending, according to Manning. The analyst adjusted the 2014 EBITDA estimate from $7.112 billion to $7.085 billion. Shares of CenturyLink are down 0.72 percent to $34.51 in Monday's trading.