UPDATE: D.A. Davidson Downgrades Level 3 Communications

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D.A. Davidson & Co. analyst Donna Jaegers maintained her price target, but lowered her full year earnings estimates on Level 3 Communications LVLT from $1.61 per per share to $1.44 per per share.

Jaegers mentioned in a Wednesday morning note to clients, “With the stock having moved up nicely, however, we do not see sufficient near term upside to maintain our Buy rating and are moving to NEUTRAL. We think it is too early to look past the integration risk into 2016 estimates.”

Jaegers has a $50 price target on the stock.

The stock is recently traded at $45.50, down 1.47 percent.

Posted In: Analyst ColorDowngradesAnalyst RatingsD.A. Davidson & Co.Donna Jaegers
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