It would seem that some fellow analysts are finally catching on to our recommendation as regards our CenturyLink (CTL) holding in the Fill-The-Gap Portfolio.
Thursday morning, RBC's Jonathan Atkin had this to say:
Current valuation offers investors positive optionality,". He then went on to upgrade CenturyLink to Outperform from Sector Perform.
His $22.00 price target suggests more than 25% upside from yesterday's close.
New management can drive higher EBITDA through restructuring, says Atkin, and tax reform, cost efficiency, and free cash flow accretion make the dividend sustainable.
Source: Bloomberg's Lisa Fu
Shares were up 4.3% premarket to $18.13.
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Disclosure: I am/we are long CTL.