Nomura Securities Maintains a 'Neutral' on Windstream (WIN); Updates From Management Meeting

Nomura Securities maintains a 'Neutral' on Windstream (NASDAQ: WIN) price target of $12.00.

Analyst, Mike McCormack, said, "In our view, the key debate will remain focused on capital intensity, and the ability to balance revenue growth with dividend sustainability. Management remains adamant that the dividend is secure, and could increase over the next five years. We remain unconvinced that the dividend policy is appropriate given the changing mixture of the business, relatively high leverage, and cash flow pressures mounting from higher cash taxes and lower ICC revenue."

For an analyst ratings summary and ratings history on Windstream click here. For more ratings news on Windstream click here.

Shares of Windstream closed at $9.68 yesterday.

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