The firm said it raised its rating on the advanced network communications provider as the company plans to spin off its telecommunications assets into an REIT, which should boost value.
Nomura Holdings (NMR) also upgraded its rating on Windstream to "neutral" from "reduce," citing the spin off.
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Windstream was upgraded to "neutral" from "sell" at UBS (UBS), also based on the spin off, the firm said.
Shares of Windstream are up by 0.17% to $11.85 in pre-market trading today.
Separately, TheStreet Ratings team rates WINDSTREAM HOLDINGS INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate WINDSTREAM HOLDINGS INC (WIN) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, solid stock price performance, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."