Uniti Group -1.7% as Morgan Stanley cuts to Equal Weight

|About: Uniti Group Inc. (UNIT)|By:, SA News Editor

Uniti Group (NASDAQ:UNIT) is down 1.7% premarket after a downgrade to Equal Weight by Morgan Stanley.

The firm cut the rating from Overweight, amid a nearly even analyst consensus between Buy and Hold.

Shares in Uniti Group are up 29.9% YTD, taking advantage of a strong quarter (up 35.6%); they're down 13.9% over the span of the past 12 months.

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