Uniti Group price target lowered to $6 from $7.50 at BofA

BofA analyst David Barden lowered the firm’s price target on Uniti Group (UNIT) to $6 from $7.50 and keeps an Underperform rating on the shares. The firm is applying a lower forward multiple on its 2026 adjusted EBITDA estimate, citing its belief that the lower multiple better reflects the near-term challenge of declining EBITDA and elevated leverage as Uniti invests heavily to drive fiber revenue growth to offset legacy declines.