Wells Fargo raised the firm’s price target on Lumen (LUMN) to $8 from $4 and keeps an Equal Weight rating on the shares. The firm notes Q3 2025 results were solid, and the consumer FTTH sale remains on track for early 2026 close. PCF sales continue to drive Growth revenue higher, but with the outsized declines in legacy services, cost cutting remains core focus, Wells adds.
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