Morgan Stanley Feels More Confident About CenturyLink After Management Meeting (CTL)

In a recent report, Morgan Stanley is feeling more confident about CenturyLink's CTL growth after meeting with their management. In the report, Morgan Stanley said, "Management asserts that the Qwest cost synergy guidance is not conservative, yet it sounds increasingly more positive about top line opportunities. Having access to Qwest's MPLS network is bearing fruits: CenturyLink already won two contracts (one in Florida and one in North Carolina) it would have otherwise not been able to secure." CenturyLink closed Friday at $42.42.