Uniti Group resumed with a Neutral at Citi

Citi resumed coverage of Uniti Group (UNIT) with a Neutral rating and $5.30 price target The Uniti and Windstream merger has a very high likelihood of getting done, the analyst tells investors in a research note. The firm says that while the combination should create a better opportunity for Uniti to invest in its strategic segments, Windstream is still working through legacy headwinds.