Lumen price target raised to $7.25 from $5.50 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Lumen (LUMN) to $7.25 from $5.50 and keeps a Neutral rating on the shares. Shares are expected to move higher after a largely in-line Q4 result and guidance, with the upcoming February 25 investor day seen as a potential catalyst as management details its five-year plan and transformation, the analyst tells investors in a research note.