Lumen secures deals worth $5 billion on AI driven demand for connectivity

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JPMorgan Upgrades Lumen (LUMN) to Neutral

August 7, 2024 5:42 AM EDT

JPMorgan analyst Philip Cusick upgraded Lumen (NYSE: LUMN) from Underweight to Neutral.

The analyst comments "We upgrade LUMN to Neutral (from Underweight) following recent Private Connectivity Fabric solutions deals totaling $5b with discussions for an additional $7b underway. The pre-funding of these... More