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Lumen Stock on Track for Lowest Close Since 1991 as Analyst Cites Risks to Dividend

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Lumen on Track for Lowest Close Since 1991 as Analyst Cites Risks to Dividend | Barron’s


Lumen Technologies

shares tumbled Wednesday after an analyst at Wells Fargo cited concerns over risks to the telecommunication company’s dividend.

Wells Fargo analyst Eric Luebchow downgraded shares of Lumen (ticker: LUMN) to Equal Weight from Overweight and cut his12-month price target to $8 from $12.50.

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