Uniti Group resumed with a Neutral at JPMorgan

JPMorgan analyst Richard Choe resumed coverage of Uniti Group (UNIT) with a Neutral rating and $7 price target following a period of restriction. The firm says the new Uniti is a leading telecommunications operator within tier two and three markets, providing network services to residential and enterprise customers. While the company’s secular growth trends are promising, the timing of the transition to higher-growth fiber-related services is uncertain, the analyst tells investors in a research note.