UPDATE: Citigroup Downgrades CenturyLink to Neutral on Dividend Reduction
Posted on February 14, 2013 at 07:52 AM EST
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