UPDATE: Raymond James Upgrades Uniti Group (UNIT) to Outperform on Settlement

March 3, 2020 4:11 AM EST
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Price: $11.90 +2.41%

Rating Summary:
    2 Buy, 7 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 22 | Down: 13 | New: 31
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(Updated - March 3, 2020 8:30 AM EST)

(updated to add analyst comments)

Raymond James analyst Frank Louthan upgraded Uniti Group (NASDAQ: UNIT) from Market Perform to Outperform with a price target of $13.00.

Louthan commented, "We are raising our rating on shares of UNIT to Outperform from Market Perform following the settlement filing released early Monday a.m We have been on the sidelines as the legal outcome of the business and its lawsuit with Windstream was uncertain and the timeline ill-defined. We believe the settlement, while likely dilutive to current estimates, is a significant positive for UNIT and shareholders."

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

Shares of Uniti Group closed at $10.33 yesterday.

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