BofA/Merrill Downs PHI To Underperform

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Analysts at BofA/Merrill downgrade Philippine Long Distance Telephone PHI from “buy” to “underperform.”

PHI shares fell 0.36% to close at $52.40 yesterday.

More Analyst Ratings here

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Posted In: DowngradesAnalyst RatingsBofa/MerrillTelecommunication ServicesWireless Telecommunication Services
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