UPDATE: Morgan Stanley Resumes Cincinnati Bell at Equal-Weight on IPO Stake
Posted on February 12, 2013 at 11:42 AM EST
Morgan Stanley resumed coverage of Cincinnati Bell (NYSE: CBB ) with an Equal-weight rating. Morgan Stanley noted, "Cincinnati Bell benefits from its 69% ownership stake in CyrusOne, but our estimates suggest that secular pressures at the core business may affect free cash flow generation and keep leverage levels above