Level 3 Analyst Expects Q4 Acceleration and 2 Stock Analyses to Know Now
Level 3 Communications Inc. (NASDAQ:LVLT): According to Cowen, Level 3 should trade at a premium to its peers due to synergies that are associated with its acquisition of Global Crossing (NASDAQ:GLBC). The firm had in-line Q3 results but stated that its maintained guidance was good and they have high conviction growth that will accelerate further during Q4. Shares have an Outperform rating.
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Akamai Technologies Inc. (NASDAQ:AKAM): Cowen stated that Akamai reported strong Q3 results due to its better than expected EBITDA margins, revenues, and expectations for a stronger e-commerce season. Shares have an Outperform rating.
Life Time Fitness Inc. (NYSE:LTM): Oppenheimer met with Life Time’s management, causing the firm to worry that increased member churn at the company could be overblown. The firm reiterates its Outperform rating on the stock.
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