Deutsche Bank Reports on PAETEC Holding

In a report released today, Deutsche Bank commented on PAETEC Holding PAET. In the report, Deutsche Bank was mixed in its assessment of the company. Deutsche Bank writes, "PAET presented a case for improving revenue trends, which it expects to come from a combination of organic core network services growth and growth initiatives such as fiber/Ethernet services, managed services and data center/cloud services. In addition, PAET expects margin expansion and stable capex intensity to result in increasing levels of FCF, which should allow it to deliver over time." Deutsche Bank currently has a Hold rating on PAETEC and a price target of $4.20. Shares of PAET closed at $3.91 on Monday, down $0.04 from the opening bell.