B of A Securities Downgrades Uniti Group to Underperform, Lowers Price Target to $3.5
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst David Barden has downgraded Uniti Group (NASDAQ:UNIT) from Neutral to Underperform and lowered the price target from $5 to $3.5.
November 07, 2023 | 6:40 pm
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Uniti Group has been downgraded from Neutral to Underperform by B of A Securities, with a lowered price target from $5 to $3.5.
The downgrade from B of A Securities is a negative signal for Uniti Group. The lowered price target from $5 to $3.5 suggests that the analyst sees less upside potential in the stock, which could lead to selling pressure and a potential decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100