Lumen assumed with a Neutral at Goldman Sachs

Goldman Sachs assumed coverage of Lumen (LUMN) with a Neutral rating and $4.10 price target The firm assumed assumed coverage of eight stocks in U.S. telecom and cable, saying 2026 will likely be a pivotal year for the sectors amid heightened competition in consumer connectivity services. Goldman is seeing more competitive activity through wireless and wireline bundling as well as price-value offerings. It believes investments in network modernization, spectrum, and brand will help drive the most attractive financial returns.