Lumen gains; BofA raises price objective on balance sheet repair
ReutersJan 8, 2026 2:51 PM
Telecommunications company Lumen Technologies' LUMN.N shares rise 3.6% to $8.20
BofA Global Research raises price objective to $7 from $2, still implying a downside of 11.6% to stock's last close
"The higher multiple reflect material balance sheet repair, proceeds from Consumer Fiber divestment, PCF deals, and cost cutting" - brokerage
Avg rating of 14 analysts is "hold;" their median PT is $7.56 - data compiled by LSEG
Stock gained 46.3% in 2025
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