By: Benzinga
UPDATE: Citigroup Downgrades CenturyLink to Neutral on Dividend Reduction
Citigroup downgraded CenturyLink (NYSE: CTL ) from Buy to Neutral and lowered the price target from $43.00 to $37.00. Citigroup noted, "We are reducing our rating on CTL to Neutral and our target price to $37, as CTL's long-term financial targets imply less cash flow generation relative to what we
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