By Teresa Rivas
CenturyLink stock has taken a tumble this year, and Oppenheimer warns the wireline provider's struggles aren't over yet. As with so many other things, blame the coronavirus pandemic.
Analyst Timothy Horan lowered his rating on CenturyLink (ticker: CTL) to Perform from Outperform and removed his $13 price target. He believes that "the next few quarters [will] be difficult as negative secular trends in legacy CenturyLink's [business] worsen from Covid-19."