UPDATE: Deutsche Bank Upgrades CommScope Holding (COMM) to Buy

April 13, 2021 3:11 AM EDT
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Price: $18.16 +1.79%

Rating Summary:
    18 Buy, 7 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 4 | New: 24
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(Updated - April 13, 2021 6:59 AM EDT)

Deutsche Bank analyst Matthew Niknam upgraded CommScope Holding (NASDAQ: COMM) from Hold to Buy with a price target of $21.00 (from $14.00).

The analyst comments "Addition by subtraction: We view CommScope's proposed spin of its Home Networks segment as a significantly positive step in helping enhance shareholder equity value. This is due to a meaningfully stronger growth/profitability profile of RemainCo (ex-Home Networks), which we believe the market is likely to value more favorably."

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

Shares of CommScope Holding closed at $17.29 yesterday.


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