Lumen Technologies shares are trading higher after the company reported better-than-expected Q2 revenue results. Goldman Sachs upgraded the stock from Sell to Neutral and raised its price target from $1 to $4.
Portfolio Pulse from Benzinga Newsdesk
Lumen Technologies shares are trading higher after the company reported better-than-expected Q2 revenue results. Goldman Sachs upgraded the stock from Sell to Neutral and raised its price target from $1 to $4.
August 07, 2024 | 11:15 am
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Lumen Technologies shares are trading higher after the company reported better-than-expected Q2 revenue results. Goldman Sachs upgraded the stock from Sell to Neutral and raised its price target from $1 to $4.
The better-than-expected Q2 revenue results indicate strong performance, which is likely to boost investor confidence. Additionally, the upgrade from Goldman Sachs and the significant increase in the price target from $1 to $4 provide further positive sentiment, likely driving the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100