Bank of America Gives Color on CenturyLink

Bank of America has published a report on CenturyLink CTL analyzing the communications company. In the report, Bank of America wrote, "We expect that management will give an update on the Qwest merger integration. We are particularly interested in an update on the company's synergy guidance (currently set at $575m run-rate within 3-5years) and $200m run-rate by 4Q11. Although our model assumes that the company will take the full 5 years to reach the $575m annual run rate, we believe there in upside potential to these estimates." Bank of America rated Century Link a BUY with a price target of $50.00. Bank of America closed Monday at $37.00.