Cincinnati Bell -1.9% as Morgan Stanley drops to Underweight [Seeking Alpha]
Cincinnati Bell Inc. (CBB)
Last cincinnati bell inc. earnings: 2/13 06:15 am
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US:NYSE Investor Relations:
investor.cincinnatibell.com/investor-home
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Source: Seeking Alpha
Cincinnati Bell -1.9% as Morgan Stanley drops to UnderweightCincinnati Bell (NYSE:CBB) is1.9% lower premarket after acut to Underweight at Morgan Stanley, from Equal Weight.The firm points to Hawaiian Telcom, which could prove a drag on Cincinnati Bell's core and cut its premium valuation amid integration challenges.Hawaiian Telcomapproved a buyout by CBB in November, after which Morgan Stanleyresumed coverage of CBB at Equal Weight.The firm trimmed its price target on CBB to $14 from $16; shares closed yesterday at $15.95.See all stocks on the move »Now read:Cincinnati Bell (CBB) Presents At 2018 Barclays High Yield Bond And Syndicated Loan Conference - Slideshow »
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