Barclays analyst Brendan Lynch reinstated coverage of Uniti Group (UNIT) with an Equal Weight rating and $6 price target The firm says the combination of Uniti and Windstream created a portfolio with strong growth and cross-sell opportunities. However, several “challenged” revenue lines continue to contract, the analyst tells investors in a research note. Barclays believes the company’s ongoing portfolio rationalization will likely create earnings volatility.
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