Raymond James Downgrades Windstream (WIN) to Market Perform on Negative Court Ruling

February 19, 2019 7:36 AM EST
Get Alerts WIN Hot Sheet
Price: $0.34 --0%

Rating Summary:
    5 Buy, 8 Hold, 9 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 18 | Down: 12 | New: 23
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Raymond James analyst Frank Louthan downgraded Windstream (NASDAQ: WIN) from Outperform to Market Perform.

Louthan said the downgrade comes as the loss of the court case is likely to leave significant uncertainty as to the near- and medium-term trading of the stock. They fully expect an appeal and negotiations for waivers, but do not believe the shares will trade on fundamentals and a Market Perform is more appropriate.

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 $1.39 yesterday.

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