-CommScope (NASDAQ:COMM) is 4.3% lower premarket after a downgrade to Neutral at Rosenblatt, from Buy.
-That comes amid increasing decentralization in cable, where spending patterns are "even worse than our low expectations."
-“We view COMM as exposed to share loss in cable operators from the transition to distributed access architecture,” analyst Ryan Koontz says.
-He's cut his price target to $13 from $16, implying 10.5% upside from yesterday's close.
-CommScope reports earnings Nov. 7 before the open; it's expected to post EPS of $0.44 on revenues of $2.43B.
-Sell-side analysts rate it Outperform on average, and it has a Quant Rating of Very Bearish.