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Fly News Breaks for December 17, 2015
ADTN
Dec 17, 2015 | 06:02 EDT
JPMorgan analyst Rod Hall upgraded ADTRAN to Overweight saying the company's U.S. results in 2016 will improve driven by the FCC's Connect America Fund phase II spending. Hall views the current valuation as attractive and raised his price target for the shares to $22.50 from $15.
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