Wells Fargo analyst Eric Luebchow lowered the firm’s price target on Uniti Group (UNIT) to $7 from $7.50 and keeps an Equal Weight rating on the shares as Q3 was slightly ahead of expectations and 2025 guide was reiterated. The firm notes the build is ramping into the first half of 2026, whilst balance sheet improvements are taking shape. Given the operational risk and lack of near-term catalysts, Wells stays on the sidelines.
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