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Fly News Breaks for January 7, 2016
ADTN
Jan 7, 2016 | 07:03 EDT
As previously reported, MKM Partners upgraded ADTRAN to Buy from Neutral and increased its price target to $21 from $16 on shares. Analyst Michael Genovese expects the number and scale of new Carrier projects to significantly accelerate and Enterprise execution to improve. Genovese sees several major new Service Provider opportunities in 2016 that include prjects with the ten Connect America Fund Phase 2 Carriers, vectoring at CenturyLink and second-source FTTC at AT&T.
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