Market Overview

UPDATE: Piper Jaffray Downgrades Windstream Corporation to Underweight, Lowers PT

Share:

In a report published Wednesday, Piper Jaffray & Co. downgraded its rating on Windstream Corporation (NASDAQ: WIN) from Neutral to Underweight, and lowered its price target from $8.00 to $6.50.

Piper Jaffray noted, “We are downgrading Windstream to Underweight as we believe there is limited upside to owning the stock. The company has failed to meet expectations in 2012, with management having lowered guidance on the 3Q print. Investors remain concerned about dividend sustainability, which continues to weigh heavily on the shares. Not only is Windstream failing to get credit for one of the highest dividend yields, we believe the high dividend yield makes it even more vulnerable to any dividend taxation policy changes. We do believe that trends can improve at Windstream, but probably not fast enough. In our opinion, Windstream is less attractive than other rural wireline operators”

Windstream Corporation closed on Tuesday at $8.31.

Latest Ratings for WIN

DateFirmActionFromTo
Feb 2019Wells FargoDowngradesMarket PerformUnderperform
Feb 2019Raymond JamesDowngradesOutperformMarket Perform
Feb 2019Cowen & Co.DowngradesOutperformMarket Perform

View More Analyst Ratings for WIN
View the Latest Analyst Ratings

 

Related Articles (WIN)

View Comments and Join the Discussion!

Posted-In: Piper Jaffray & Co.Analyst Color Downgrades Analyst Ratings

Latest Ratings

StockFirmActionPT
CARB of A SecuritiesInitiates Coverage On50.0
AUPHHC Wainwright & Co.Maintains35.0
SWIRNational Bank Of CanadaDowngrades15.0
GENCredit SuisseDowngrades0.570
MTJP MorganUpgrades
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com