CommScope (COMM) Misses Q4 EPS by 7c
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Evercore ISI Resumes CommScope Holding (COMM) at In Line, 'Challenges Persist'
February 29, 2024 12:00 PM ESTEvercore ISI analyst Amit Daryanani resumes coverage on CommScope Holding (NASDAQ: COMM) with a In Line rating and a price target of $1.25.
The analyst comments "CommScope reported earnings that were below expectations after adjusting for the divestiture of the home networks business. The forward-looking commentary was the main negative as they indicated challenges across all end-markets driven by elevated customer inventory levels. They have limited visibility into when end markets... More
