Raymond James Downgrades CommScope Holding (COMM) to Underperform

Raymond James analyst Simon Leopold downgraded CommScope Holding (NASDAQ: COMM) from Market Perform to Underperform.

The analyst comments: "We downgrade CommScope to Underperform from Market perform based on our view that positive catalysts of refinancing now behind it, we see incremental downside risk and limited upside. The risk of bankruptcy has been deferred and the balance sheet has improved. We do not envision easy fixes, and imagine the stock will exhibit high volatility. We have updated our estimates to reflect the refinancing. CommScope plays an important role in networking, so we expect ongoing operations, but we still see risk to the equity. High leverage burdens the valuation, and the 2025 EV/EBITDA of 11.5x is above the historic range of 9-10x."

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 $5.27 yesterday.

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